Published: 2025-11-04T07:17:38.000Z
Chart GBP/JPY Update: Under pressure
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Consolidation above the 202.00 level has seen prices giving way to fresh selling pressure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 206.00 | * | congestion | S1 | 201.25 | * | Sep high | |
| R3 | 205.30 | ** | 8 Oct YTD high | S2 | 200.20/00 | ** | 6 Oct low, congestion | |
| R2 | 204.00 | * | congestion | S3 | 198.85 | * | 3 Oct high, gap | |
| R1 | 203.00 | * | congestion | S4 | 198.00/50 | ** | congestion, 2 Oct low |
Asterisk denotes strength of level
07:10 GMT - Consolidation above the 202.00 level has seen prices giving way to fresh selling pressure and as prices unwind the overbought intraday studies. Daily studies are tracking lower and see room to retest the 201.25 support. Below the latter will see the gap area at 200.20/198.85, 6 October low and 3 October high attracting. Lower still, will see scope for retest of the October low at 197.50. Meanwhile, resistance at the 203.00/204.00 area now expected to cap and sustain pullback from the 205.30 current year high.