Published: 2025-10-30T07:14:42.000Z
Chart GBP/JPY Update: Higher in choppy trade above 201.25 support
1
No follow-through on break of the 201.25 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 206.00 | * | congestion | S1 | 201.25 | ** | Sep high | |
| R3 | 205.30 | ** | 8 Oct YTD high | S2 | 200.20/00 | * | 6 Oct low, congestion | |
| R2 | 204.00 | * | congestion | S3 | 198.85 | * | 3 Oct high, gap | |
| R1 | 203.00 | * | congestion | S4 | 198.00/50 | ** | congestion, 2 Oct low |
Asterisk denotes strength of level
07:00 GMT - No follow-through on break of the 201.25 support and rebound from the 200.55 low to regain the 202.00 level opening up room for retest of 203.00 level and the 204.00/204.25 highs. Would take break of the latter to expose the 205.30 current year high to retest and see room for extension to target the 206.00 congestion. Meanwhile, support remains at the 201.25 high of September. Below here needed to turn focus lower to retrace the April/October rally to the 200.20/200.00 area and 199.00/198.00 congestion.