Published: 2025-11-21T07:08:35.000Z
Chart GBP/JPY Update: Lower in consolidation from 206.85 fresh year high
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Break of the 205.30 October high has seen extension to fresh year high at 206.85 before settling back in consolidation
| 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 | 206.85 | * | 20 Nov YTD high | S4 | 201.25 | ** | Sep high |
Asterisk denotes strength of level
07:00 GMT - Break of the 205.30 October high has seen extension to fresh year high at 206.85 before settling back in consolidation. Daily studies are unwinding overbought readings and suggest room for pullback to retrace recent strong gains from the 199.00 low. Support starts at the 205.30 October high and this extend to the 204.00 congestion which should underpin. Below here will open up room for deeper correction to the 202.30/202.00 support and 201.25, September high. Meanwhile, break above 206.85 high will see room for extension to retest 208.10, July 2024 multi-year high.