GBPJPY Technical Analysis 31st July 2024 1h chart

– Tuesday Daily candle closed strong Bearish around 195.890 breaking below recent weak Daily Support formed on Monday and forming Daily Resistance around 198.060. I’ll be looking for potential Buys above 196.700 targeting 1h previous Support formed around 197.700 Leaving Runners to the 1h Resistance formed around 198.370. I’ll be looking for potential Sells below 195.800 targeting 4h Support formed around 195.130 Leaving Runners to the 4h Support formed on 9th May 2024 around 194.560. High Impact News ahead of the Asian sesion for the Japanese Yen as Bank Of Japan review Interest Rate, High Volatility expected.