GBPJPY Technical Analysis 18th July 2024 1h chart

– Wednesday Daily candle closed strong Bearish around 203.130 forming Daily Resistance around 205.330. I’ll be looking for potential Buys above 203.480 targeting 4h Resistance around 204.090 Leaving Runners to the 4h Support formed around 204.650. I’ll be looking for potential Sells below 202.600 targeting 1h Strong Support formed on 25th June 2024 around 202.160 Leaving Runners to the Daily Rejection formed on 13th June 2024. High Impact News ahead of the Pre London session for the Pound Sterling for Claimant Count Change and Average Earnings Index 3m/y. High Volatility expected at the London session open.