Published: 2025-10-01T06:16:50.000Z
Chart GBP/JPY Update: Extending losses from September high
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Break of the 199.10/00 support see prices extending losses from the 201.26, 18 September current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 201.26 | ** | 18 Sep YTD high | S1 | 198.00 | ** | congestion | |
| R3 | 200.50 | * | 26 Sep high | S2 | 197.00 | * | congestion | |
| R2 | 200.00 | * | Jul high, congestion | S3 | 196.40 | * | May high | |
| R1 | 199.00/10 | * | congestion, 22 Sep low | S4 | 196.00 | ** | Mar high |
Asterisk denotes strength of level
06:10 GMT - Break of the 199.10/00 support see prices extending losses from the 201.26, 18 September current year high. Daily and weekly studies are tracking lower from overbought areas and see strong support at the 198.00 congestion now within reach. Would expect reaction here but consolidation here is expected to give way to break later open up room for deeper pullback to retrace gains from the 195.00, August low. Meanwhile, resistance is lowered to the 199.00/10 congestion and 22 September low which is expected to cap corrective bounce.