Published: 2025-10-21T06:50:11.000Z
Chart GBP/JPY Update: Back in consolidation above 202.00 level
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Limited on break of the 201.25 support with bounce to regain the 202.00 level setting up room for retest of the 203.50 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 208.10 | ** | 11 Jul 2024 year high | S1 | 202.00 | * | congestion | |
| R3 | 206.00 | * | congestion | S2 | 201.25 | ** | Sep high | |
| R2 | 205.30 | ** | 8 Oct YTD high | S3 | 200.20 | * | 6 Oct low | |
| R1 | 203.50 | * | 14 Oct high, congestion | S4 | 198.85 | * | 3 Oct high, gap |
Asterisk denotes strength of level
06:40 GMT - Limited on break of the 201.25 support and bounce to regain the 202.00 level sets up room for retest of resistance at the 203.50 congestion. Daily studies have turned positive and suggest scope for break here to open up the 205.30 current year high to retest. Beyond this will see room for extension to the 206.00 congestion then July 2024 year high ar 208.10. Meanwhile, support is raised to 202.00 level which should underpin. Break here will expose the 201.25 low to retest and see the gap area at 200.20/198.85 attracting.