Published: 2025-10-14T07:01:30.000Z
Chart GBP/JPY Update: Extending pullback from 205.30 current year high
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Consolidation above the 201.80 low of last Friday has given way to selling pressure to extend losses from the 205.30, current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 207.00 | * | congestion | S1 | 201.25 | ** | Sep high | |
| R3 | 205.80 | * | 16 Jul 2024 high | S2 | 200.20/00 | ** | 6 Oct low, congestion | |
| R2 | 205.30 | ** | 8 Oct YTD high | S3 | 198.85 | * | 3 Oct high, gap | |
| R1 | 203.50 | * | congestion | S4 | 197.50/30 | ** | 2 Oct low, 38.2% |
Asterisk denotes strength of level
07:00 GMT - Consolidation above the 201.80 low of last Friday has given way to selling pressure to extend losses from the 205.30, current year high. Daily and weekly studies are tracking lower and threatens support at the 201.25, September high. Break here will open up room for deeper pullback to support at 200.00 congestion then the 198.85, 3rd October high and gap area. Meanwhile, resistance at the 203.50/204.00 congestion is expected to cap and sustain losses from the 205.30, current year high.