Published: 2025-11-06T08:00:17.000Z
Chart GBP/JPY Update: Room to extend choppy pullback
1
Turned back from the 199.00 support as prices unwind oversold intraday studies to retest the 201.25 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 204.00 | ** | congestion | S1 | 199.00 | * | congestion | |
| R3 | 203.00/25 | * | congestion, 30 Oct high | S2 | 198.00 | * | congestion | |
| R2 | 202.00 | * | congestion | S3 | 197.50 | ** | Oct low | |
| R1 | 201.25 | ** | Sep high | S4 | 197.30 | * | 38.2% Apr/Oct fall |
Asterisk denotes strength of level
07:50 GMT - Turned back from the 199.00 support as prices unwind oversold intraday studies to retest the 201.25 resistance. Higher will see room to the 202.00 level but negative daily and weekly studies suggest bounce giving way to renewed selling pressure later for retest of the 200.00 and 199.00 support. Break here will further extend losses from the 205.30 October current year high and see room to retest the 198.00 congestion and 197.50, October low. Meanwhile, resistance at the 101.25/200.00 area is expected to cap and limit corrective bounce.