GBPJPY Technical Analysis 16th July 2024 1h chart

– Monday Daily candle closed Doji Bullish around 204.930 as price mostly ranged during the Monday session within the Hourly timeframe. I’ll be looking for potential Buys above 205.530 targeting 30min Resistance formed around 205.910 Leaving Runners to the 4h Rejection formed at 206.330. I’ll be looking for potential Sells below 204.570 targeting 4h Support formed around 204.060 Leaving Runners to the previous 4h Resistance formed on 28th June 2024 around 203.600. Targets for both Buys and Sells remains the same as price mostly ranged within the No Trade Zone so ideally is to have volume in the market for price to break out of the recent Range.