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Published: 2025-10-15T07:43:18.000Z

Chart GBP/JPY Update: Under pressure

1

Prices remain under pressure and break of the 201.80 low of last Friday will see deeper pullback to extend losses from the 205.30, current year high

 LevelsImpComment   LevelsImpComment
R4207.00*congestion S1201.25**Sep high
R3205.80*16 Jul 2024 high     S2200.20/00**6 Oct low, congestion
R2205.30**8 Oct YTD high S3 198.85*3 Oct high, gap
R1203.50*congestion S4 197.50/30**2 Oct low, 38.2%

Asterisk denotes strength of level

07:40 GMT - Prices remain under pressure and break of the 201.80 low of last Friday will see deeper pullback to extend losses from the 205.30, current year high. Daily and weekly studies are tracking lower and lower will see room to support at the 201.25, September high. Break here will open up room for deeper pullback to support at 200.00 congestion then the 198.85, 3rd October high and gap area. Meanwhile, resistance at the 203.50/204.00 congestion is expected to cap and sustain losses from the 205.30, current year high.

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Topics
GBP/JPY-TA
DM-Technical
Technical Analysis

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