GBPJPY Technical Analysis 26th July 2024 1h chart

– Thursday Daily candle closed weak Bearish around 197.800 as price forms almost 200 pip wick Rejection to the downside. I’ll be looking for potential Buys above 198.760 targeting 4h Resistance formed around 199.730 Leaving Runners to the 30min Resistance formed around 200.430. I’ll be looking for potential Sells below 197.240 targeting 15min Support formed around 196.500 Leaving Runners to the Daily Rejection formed on Thursday around 195.820. Weekly has been extremely Bearish so far and the current Monthly candle has broken the previous Monthly Low.