Published: 2025-11-10T07:49:52.000Z
Chart GBP/JPY Update: Extend bounce from 199.00 low
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Sharply higher as prices extend rally from the 199.00 low of last week through the 202.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 206.00 | congestion | S1 | 201.25 | * | Sep high | ||
| R3 | 205.30 | ** | 8 Oct YTD high | S2 | 200.00 | * | congestion | |
| R2 | 204.00 | ** | congestion | S3 | 199.00 | ** | congestion | |
| R1 | 203.00/25 | * | congestion, 30 Oct high | S4 | 198.00 | * | congestion |
Asterisk denotes strength of level
07:45 GMT - Sharply higher as prices extend rally from the 199.00 low of last week through the 202.00 level. Nearby see room to the 203.00/25 area then the strong resistance at 204.00 congestion. Clearance here will set up scope for retest of the 205.30, 8 October YTD high. Beyond this will see room for extension to 206.00 level. Meanwhile, support is raised to 201.25/200.00 September high and congestion area which should now underpin. Below this will expose 199.00 low to retest and threaten deeper pullback to retrace the April/October rally.