Published: 2025-04-04T07:38:42.000Z
Chart GBP/JPY Update: Extending losses, 190.00 level at risk
Technical Analyst
-
Break of the 192.00 support see prices extending rejection from the 195.75/196.00 resistance to open up room to the 190.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 196.00 | ** | congestion | S1 | 190.00 | * | congestion | |
| R3 | 194.75 | * | 24 Jan high | S2 | 188.78 | * | 11 Mar low | |
| R2 | 193.00 | * | congestion | S3 | 188.10 | * | Dec low | |
| R1 | 192.00 | * | congestion | S4 | 187.05 | ** | 7 Feb YTD low |
Asterisk denotes strength of level
07:35 GMT - Break of the 192.00 support see prices extending rejection from the 195.75/196.00 resistance to open up room to the 190.00 congestion. Daily studies are tracking lower and suggest break here to return focus to the downside to the 188.78 support though potential will be seen for extension to retest the 188.10/187.05, December low and February YTD low. Meanwhile, resistance is lowered to the 192.00/193.00 congestion area which is expected to cap and sustain losses from the 196.00 high.