Published: 2025-09-23T07:15:26.000Z
Chart GBP/JPY Update: Room to extend pullback from 201.26 high
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Turned up from above the 199.00 level as prices consolidate losses from the 201.26 spike high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 204.00 | ** | congestion | S1 | 199.00 | * | congestion | |
| R3 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S2 | 198.00 | ** | congestion | |
| R2 | 200.75 | * | 15 Sep high | S3 | 197.00 | * | congestion | |
| R1 | 200.00 | * | congestion | S4 | 196.40/00 | ** | May/Mar highs |
Asterisk denotes strength of level
07:10 GMT - Turned up from above the 199.00 level as prices consolidate losses from the 201.26 spike high. Negative daily studies suggest this giving way to fresh selling pressure later and see deeper pullback to the 198.00 support. Would take break here to open up room for deeper pullback to the 197.00 congestion then the strong support at the 196.40/196.00 area. Meanwhile, resistance is lowered to the 200.00 level, now expected to cap and sustain pullback from the 201.26 high.