Published: 2025-08-26T06:18:26.000Z
Chart GBP/JPY Update: Extend consolidation above 198.00 support
Technical Analyst
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Little change, as prices extend consolidation above the 198.00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 202.00 | * | congestion | S1 | 198.00 | * | congestion | |
| R3 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S2 | 197.00 | * | congestion | |
| R2 | 200.28 | ** | 13 Aug YTD high | S3 | 196.40/00 | ** | May, Mar highs | |
| R1 | 200.00 | * | Jul high | S4 | 195.00 | ** | 4 Aug low |
Asterisk denotes strength of level
06:15 GMT - Little change, as prices extend consolidation above the 198.00 support. Break here is needed to open room for deeper pullback from the 200.28 high to retrace rally from the 195.00 low. Lower will see room to the 197.00 congestion then the strong support at the 196.40/196.00, May/March highs. Break here will expose 195.00 low to retest. Meanwhile, resistance at the 200.00/200.28 highs is expected to cap. Clearance here will further extend the broader gains from August 2024 low and see room to 201.50/202.00, Fibonacci level/congestion.