GBPJPY Technical Analysis 7th August 2024 1h chart
– Tuesday Daily candle closed small Bearish around 183.090 forming huge rejection to the upside. I’ll be looking for potential Buys above 184.700 targeting 4h Resistance formed around 185.900 Leaving Runners to the 15min Resistance formed around 186.670. I’ll be looking for potential Sells below 182.780 targeting 4h Support formed around 181.410 Leaving Runners to 180.100 to fill the Monday Daily Low. 4h timeframe forming a new range so ideally is to wait for high volume time to break out of the range to have a good probability to win a trade.