GBPJPY Technical Analysis 17th July 2024 1h chart

Tuesday Daily candle closed Bullish around 204.400 forming Daily Support at 204.840 but overall price still ranging on the 4h timeframe. I’ll be looking for potential Buys above 205.750 targeting Hourly Resistance around 206.250 Leaving Runners to the previous 1h Support formed on 10th July 2024 around 206.750. I’ll be looking for potential Sells below 205.150 targeting 4h recent Support around 204.650 Leaving Runners to the next 4h Support formed on 2nd July 2024. High Impact News ahead of the Pre London session open for the Pound Sterling for CPI y/y, High Volatility expected at the London session open.