Published: 2025-10-17T07:09:56.000Z
Chart GBP/JPY Update: Extending losses
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Consolidation above the 201.25 support has given way to break to extend losses from the 205.30, 8 October current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 205.80 | * | 16 Jul 2024 high | S1 | 201.25 | ** | Sep high | |
| R3 | 205.30 | ** | 8 Oct YTD high | S2 | 200.20 | * | 6 Oct low | |
| R2 | 203.50 | * | 14 Oct high, congestion | S3 | 198.85 | * | 3 Oct high, gap | |
| R1 | 202.00 | * | congestion | S4 | 198.00 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Consolidation above the 201.25 support has given way to break to extend losses from the 205.30, 8 October current year high. Negative daily and weekly studies keep pressure on the downside and see room for deeper pullback to retrace bounce from the 197.50 low to support at the 200.20/198.85 gap area. Filling this will see room for retest of the 198.00 congestion and 197.50 low of 2nd October. Meanwhile, resistance is lowered to the 202.00 congestion which is expected to cap and sustain losses from the 205.30 high.