GBPJPY Technical Analysis 1st August 2024 1h chart – Wednesday Daily candle closed strong Bearish around 192.780 almost tapping into Weekly Support formed at the beginning of May 2024. I’ll be looking for potential Buys above 193.470 targeting 1h Rejection formed around 194.680 Leaving Runners to the 1h previous Support formed around 195.600. I’ll be looking for potential Sells below 192.370 targeting recent Weekly Support formed around 191.600 Leaving Runners to the Daily Support formed on 14th April 2024 around 190.400. High Impact News ahead of the London session for the Pound Sterling as Bank Of England review Bank Rate. High Volatility expected at the New York session following the news event.