GBPJPY Technical Analysis 17th October 2024 1h chart

GBPJPY Technical Analysis 17th October 2024 1h chart
– Wednesday Daily candle closed Bearish at 194.340 as price trades back into the Consolidation Zone. I’ll be looking for potential Buys above 194.730 targeting 4h Resistance formed at 195.160 Leaving Runners to the Daily Resistance at 195.570. I’ll be looking for potential Sells below 193.880 targeting 1h Strong Support formed on 8th October 2024 around 193.360 Leaving Runners to the Daily Support formed at 192.840. Overall price is ranging on the Daily timeframe so ideally is to wait for strong confirmation during high volume times to execute the trades.