Published: 2025-09-19T07:08:23.000Z
Chart GBP/JPY Update: Leaning lower from the 201.26 spike high
0
-
Leaning lower from the 201.26 spike high through the 200.00/199.80 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 204.00 | ** | congestion | S1 | 199.00 | * | congestion | |
| R3 | 202.00 | * | congestion | S2 | 198.00 | ** | congestion | |
| R2 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S3 | 197.00 | * | congestion | |
| R1 | 200.75 | * | 15 Sep high | S4 | 196.40/00 | ** | May/Mar highs |
Asterisk denotes strength of level
07:00 GMT - Leaning lower from the 201.26 spike high and pullback below the 200.00/199.80 area opens up room for deeper corrective pullback. Positive daily have turned lower to unwind overbought readings and see room to support at the 199.00/198.00 congestion. This area is expected to underpin and sustain higher low sought to further pressure the upside later. Would take break of the 200.75 and 201.26 highs to see room for extension to 201.50/202.00, 76.4% Fibonacci level and congestion area.