Published: 2025-11-28T05:36:48.000Z
Chart GBP/JPY Update: Focus on 208.10, July 2024 year high
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Little change, as prices consolidate test of the 207.20 high and unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 212.00 | * | congestion | S1 | 205.30 | * | Oct high | |
| R3 | 210.00 | * | congestion | S2 | 204.00 | * | congestion | |
| R2 | 208.10 | ** | Jul 2024 multi-year high | S3 | 202.30/00 | * | 11 Nov low, congestion | |
| R1 | 207.20 | * | 26 Nov YTD high | S4 | 201.25 | ** | Sep high |
Asterisk denotes strength of level
05:30 GMT - Little change, as prices consolidate test of the 207.20 high and unwind overbought intraday studies. Positive daily and weekly studies suggest scope for break here to extend the bullish gains from the July 2024 low. Higher will see potential for retest of the 208.10, July 2024 multi-year high and where reaction can be expected. Meanwhile, support is at the 205.30 October high and extending to 204.00 congestion. This should underpin and only below here will fade the upside pressure and see room for deeper pullback to the 202.00/201.25 support.