Published: 2025-12-12T07:28:11.000Z
Chart GBP/JPY Update: Range-bound in consolidation
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Settling back in range beneath the 209.00 level as prices unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 214.00/10 | * | congestion, Aug 2008 high | S1 | 207.20 | * | Nov high | |
| R3 | 212.00 | * | congestion | S2 | 206.20/00 | * | congestion | |
| R2 | 210.50 | * | congestion | S3 | 205.30 | ** | Oct high | |
| R1 | 209.00 | * | congestion | S4 | 204.00 | ** | congestion |
Asterisk denotes strength of level
07:25 GMT - Settling back in range beneath the 209.00 level as prices unwind overbought intraday and daily studies. However, bullish momentum suggest corrective pullback likely to remain limited and higher will see room to resistance at the 210.50 and 212.00 congestion from 2008. Meanwhile, support is raised to the 208.00 congestion and this extend to 207.20 November high. Would take break of these to open up room for deeper correction to 206.20/00 congestion and strong support at 205.30/204.00, October highs.