Published: 2025-11-11T07:48:47.000Z
Chart GBP/JPY Update: Consolidating retest of 203.25 resistance
1
Break above the 202.00 level has seen extension to retest the 203.25 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 206.00 | congestion | S1 | 201.25 | * | Sep high | ||
| R3 | 205.30 | ** | 8 Oct YTD high | S2 | 200.00 | * | congestion | |
| R2 | 204.00 | ** | congestion | S3 | 199.00 | ** | congestion | |
| R1 | 203.25 | * | 30 Oct high | S4 | 198.00 | * | congestion |
Asterisk denotes strength of level
07:45 GMT - Break above the 202.00 level has seen extension to retest the 203.25 resistance. Clearance here, will expose strong resistance at the 204.00 congestion. Beyond this will return focus to the 205.30, 8 October YTD high, but divergence on weekly studies suggest the latter keeping out of reach. Meanwhile, support at the 201.25/200.00, September high and congestion area, should underpin. Would take break here to return focus to the downside for retest of the 199.00 low and threaten deeper pullback to retrace the April/October rally.