Published: 2025-10-27T08:20:44.000Z
Chart GBP/JPY Update: Extending gains
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Pressure remains on the upside as prices extend gains from support at the 201.25/200.20 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 208.10 | ** | 11 Jul 2024 year high | S1 | 202.00 | * | congestion | |
| R3 | 206.00 | * | congestion | S2 | 201.25 | ** | Sep high | |
| R2 | 205.30 | ** | 8 Oct YTD high | S3 | 200.20 | * | 6 Oct low | |
| R1 | 204.00 | * | congestion | S4 | 198.85 | * | 3 Oct high, gap |
Asterisk denotes strength of level
08:15 GMT - Pressure remains on the upside as prices extend gains from support at the 201.25/200.20 area. Daily studies are tracking higher and suggest scope for break above the 204.00 congestion to open up the 205.30 current year high to retest. Would expect reaction here but a later clearance cannot be ruled out. Higher will see room for extension to the 206.00 congestion and equidistant channel from July 2024 low. Meanwhile, support is raised to the 202.00/201.25 congestion and September high now expected to underpin.