Published: 2025-08-14T07:11:28.000Z
Chart GBP/JPY Update: Leaning lower from 200.28 high
Technical Analyst
3
No follow-through on break above the 200.00 level as prices turns down from the 200.28 mid-week high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 202.00 | * | congestion | S1 | 198.80 | * | Jun high | |
| R3 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S2 | 198.00 | * | congestion | |
| R2 | 200.28 | ** | 13 Aug YTD high | S3 | 197.00 | * | congestion | |
| R1 | 200.00 | * | Jul high | S4 | 196.40 | ** | May high |
Asterisk denotes strength of level
07:00 GMT - No follow-through on break above the 200.00 level as prices turns down from the 200.28 mid-week high and unwind the overbought intraday and daily studies. Support starts at 198.80 then the 198.00 congestion. Break of the latter will open up room for deeper pullback to retrace strong bounce from the 195.00 low towards support at 197.00 congestion and 196.40, May high. Break here will expose the 195.00 swing low to retest. Meanwhile, resistance at the 200.00 and 200.28 highs now expected to cap.