GBPJPY Technical Analysis 23rd July 2024 1h chart

– Monday Daily candle closed weak Bearish around 203.020 as price broke below recent Daily Support then reject it the downside. I’ll be looking for potential Buys above 203.170 targeting recent Daily Resistance formed around 203.630 Leaving Runners to the Hourly Resistance formed around 204.170. I’ll be looking for potential Sells below 202.500 targeting 1h Support formed around 202.060 Leaving Runners to the previous Daily Rejection formed on 13th June 2024 around 201.630. If price breaks and close above recent 4h Range there is a good probability for price to retest the recent Daily Resistance around 205.400.