GBPJPY Technical Analysis 1st July 2024 1h chart

– Monthly candle for June closed Bullish at 203.370 with small wick to the top, Previous Weekly candle closed Bullish as well as the Friday Daily candle but overall price have ranged mostly throughout June around 200 Level. I’ll be looking for potential Buys above 203.500 targeting previous Daily Resistance formed on 24th August 2008 around 203.850 Leaving Runners to the previous Daily Support formed on 13th August 2008 around 204.500. I’ll be looking for potential Sells below 203.050 targeting Hourly Support formed around 202.720 Leaving Runners to the 4h Rejection Level formed around 202.400. As New Monthly candle opened for July ideally is to wait for price to retrace and form a new ranges to determine where price could potentially go.