GBPJPY Technical Analysis 30th July 2024 1h chart

– Monday Daily candle closed Bullish around 198.060 forming weak Daily Support around 197.510. I’ll be looking for potential Buys above 198.360 targeting Hourly Resistance around 199.010 Leaving Runners to the 4h Resistance formed around 199.710. I’ll be looking for potential Sells below 197.720 targeting 1h Support formed around 197.310 Leaving Runners to the 4h Support formed around 196.900. Buys are more likely to play out allowing the new Weekly candle to form a top wick and potentially retesting the 200 Key Level.