Published: 2025-10-10T07:17:31.000Z
Chart GBP/JPY Update: Extending pullback from 205.32 current year high
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Extending pullback from fresh year high at 205.32 to reach the 203.00/202.80 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 207.00 | * | congestion | S1 | 202.80 | * | 6 Oct high | |
| R3 | 205.80 | * | 16 Jul 2024 high | S2 | 202.00 | * | congestion | |
| R2 | 205.32 | ** | 8 Oct YTD high | S3 | 201.25 | ** | Sep high | |
| R1 | 204.00 | * | congestion | S4 | 200.19/00 | ** | 6 Oct low, congestion |
Asterisk denotes strength of level
07:10 GMT - Extending pullback from fresh year high at 205.32 to reach the 203.00/202.80 support as prices unwind overbought daily studies. The weekly studies are stretched as well and caution deeper corrective pullback to retrace strong gains from the 197.50 low. Lower will see room to support at the 202.00 congestion then the strong support at 201.25, September high. Meanwhile, resistance is lowered to the 204.00 congestion which is expected to cap and sustain losses from the 205.32, current year high.