Published: 2025-08-15T06:57:35.000Z
Chart GBP/JPY Update: Leaning lower from 200.28 high
Technical Analyst
1
Limited on break above the 200.00 level as prices came under selling pressure at the 200.28, fresh year 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
06:50 GMT - Limited on break above the 200.00 level as prices came under selling pressure at the 200.28, fresh year high. Daily studies are overbought and suggest room for pullback to retrace strong gains from the 195.00, 4 August low. Would take break of support at the 198.80/198.00 area to open up room to support at 197.00 congestion and 196.40, May high. Below these will expose the 195.00 swing low to retest. Break of the 200.00/200.28 highs will see extension to 201.50 and 202.00 congestion.