Published: 2025-08-05T07:38:38.000Z
Chart GBP/JPY Update: Consolidating at 195.35/00 support
Technical Analyst
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Steadied at the 195.35/00 support as prices consolidate sharp drop from the 199.50 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 199.50 | ** | 31 Jul high | S1 | 195.35/00 | * | 2 Jul low, congestion | |
| R3 | 198.00 | * | congestion | S2 | 194.00 | * | congestion, 38.2% | |
| R2 | 197.40 | * | 22 Jul low | S3 | 192.70 | * | Jun low | |
| R1 | 196.40/80 | * | May, 17 Jun highs | S4 | 192.15/00 | * | 50% Apr/Jul rally, congestion |
Asterisk denotes strength of level
07:30 GMT - Steadied at the 195.35/00 support as prices consolidate sharp drop from the 199.50 high of last week. However, pressure remains on the downside and see risk for break to extend the broader losses from the 200.00, July current year high. Lower will further retrace the April/July rally and see extension to the 194.00 congestion and 38.2% Fibonacci level. Meanwhile, resistance is lowered to the 196.40/196.80 area which is expected to cap and sustain losses from the 199.50 high.