Published: 2025-12-23T07:39:41.000Z
Chart GBP/JPY Update: Lower in consolidation from 211.60 fresh year high
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Lower in consolidation from fresh year high at 211.60 as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 217.30 | 8 Jan 2008 high | S1 | 210.00 | * | congestion | ||
| R3 | 216.00 | * | Jul 2008 high | S2 | 209.00 | ** | 9 Dec high | |
| R2 | 214.00/10 | * | congestion, Aug 2008 high | S3 | 208.00 | * | congestion | |
| R1 | 212.00 | * | congestion | S4 | 207.20 | ** | Nov high |
Asterisk denotes strength of level
07:35 GMT - Lower in consolidation from fresh year high at 211.60 as prices unwind overbought intraday studies. Positive daily and weekly studies suggest potential to further extend the underlying bull trend from the September 2011 year low to target the 212.00 level and April channel resistance. Higher still, will see potential for extension to the 214.10, August 2008 high. Meanwhile, support is raised to the 210.00 congestion which extend to the 209.00, 9 December high. Would take break of the latter to open up room for deeper correction to 208.00 congestion and 207.20, November high.