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Published: 2025-09-02T06:55:22.000Z

Chart GBP/JPY Update: Retest 200.00/28 highs

byPakLai Ng

Technical Analyst
-

Extending bounce from the 198.00 support to retest the 200.00/28, congestion and 13 August current year high

 LevelsImpComment   LevelsImpComment
R4202.00*congestion S1199.00*congestion                   
R3201.50*76.4% Jul/Aug 2024 fall S2198.00*congestion                   
R2200.28**13 Aug YTD high S3 197.00*congestion
R1200.00*congestion S4 196.40/00**May, Mar highs

Asterisk denotes strength of level

06:50 GMT - Extending bounce from the 198.00 support to retest the 200.00/28, congestion and 13 August current year high. Positive daily and weekly studies suggest scope for break here to extend the broader gains from the August 2024 low and see room for extension to 201.50, 76.4% Fibonacci level. Higher still, will see room to the 202.00 congestion. Meanwhile, support is at the 199.00/198.00 congestion area is expected to underpin and sustain bounce from the 195.00, August swing low.  

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Topics
GBP/JPY-TA
DM-Technical
Technical Analysis

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