GBPJPY Technical Analysis 12th July 2024 1h chart

– Thursday Daily candle closed strong Bearish around 205.040 forming Daily Resistance around 207.740 as price breaks below recent Daily Range. I’ll be looking for potential Buys above 205.310 targeting 4h previous Support around 205.880 Leaving Runners to the 4h previous Resistance around 206.500. I’ll be looking for potential Sells below 204.650 targeting recent 4h Support formed around 204.080 Leaving Runners to the 4h previous Resistance formed around 203.470. Friday sessions could possibly range and Daily Support could be formed to allow price to retrace slightly.