GBPJPY Technical Analysis 4th July 2024 1h chart

– Wednesday Daily candle closed strong Bullish around 205.970 as Daily volume increased. I’ll be looking for potential Buys above 206.170 targeting potential Key Level around 207.500 and next level to 207.000 as we have clean traffic on Monthly, Weekly and Daily timeframe. I’ll be looking for potential Sells below 205.680 targeting 30min Support around 205.280 Leaving Runners to the 1h previous Resistance formed around 204.860. High Impact News event ahead for Pound Sterling this Thursday for Parliamentary Elections and Constructions PMI.