Published: 2025-10-09T07:14:07.000Z
Chart GBP/JPY Update: Range-bound in consolidation
1
Break above the 205.00 level saw extension to fresh year high at 205.32 before settling back
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 208.10 | ** | Jul 2024 multi-year high | S1 | 203.74 | * | 8 Oct low | |
| R3 | 207.00 | * | congestion | S2 | 202.00 | * | congestion | |
| R2 | 205.80 | * | 16 Jul 2024 high | S3 | 201.25 | ** | 18 Sep high | |
| R1 | 205.00/32 | * | figure, 8 Oct YTD high | S4 | 200.19/00 | ** | 6 Oct low, congestion |
Asterisk denotes strength of level
07:10 GMT - Break above the 205.00 level saw extension to fresh year high at 205.32 before settling back in range as prices unwind the overbought intraday studies. Daily studies are stretched as well and caution corrective pullback to retrace strong gains from the 197.50 low. Nearby see support starting at 203.74 and where break is needed to open up room for deeper correction to 203.00/202.00 area. Above the 205.00/32 high will see potential for extension to retest the 208.10, July 2024 multi-year high.