GBPJPY Technical Analysis 9th July 2024 1h chart

– Monday Daily candle closed weak Bullish around 205.930 as price breaks above previous Weekly high then retrace and close back in the range. I’ll be looking for potential Buys above 206.200 targeting Hourly Resistance around 206.630 Leaving Runners to the Potential Key Level around 207. I’ll be looking for potential Sells below 205.660 targeting 4h Support formed around 205.150 Leaving Runners to the Hourly Support formed around 204.730. Ideally is to wait for a strong confirmation for price to break out of the range during high volume time to increase the probability of winning the trade.