GBPJPY Technical Analysis 5th July 2024 1h chart

– Thursday Daily candle closed small Bearish around 205.670 forming weak Daily Resistance around 205.960. I’ll be looking for potential Buys above 206.120 targeting potential Key Level around 206.500 and next level around 207.000 as we have clean traffic on the Monthly, Weekly and Daily timeframe. I’ll be looking for potential Sells below 205.430 targeting 1h previous Resistance formed around 204.860 Leaving Runners to the 4h previous Resistance around 204.400. Daily have mostly ranged on Thursday within small ranges so ideally is to wait for a strong confirmation either for Buys or Sells.