Published: 2025-10-16T07:38:03.000Z
Chart GBP/JPY Update: Range-bound above 201.25 support
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Still limited below the 202.00/201.80 area as prices extend consolidation above the 201.25 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 207.00 | * | congestion | S1 | 202.00 | congestion | ||
| R3 | 205.80 | * | 16 Jul 2024 high | S2 | 201.25 | ** | Sep high | |
| R2 | 205.30 | ** | 8 Oct YTD high | S3 | 200.20/00 | ** | 6 Oct low, congestion | |
| R1 | 203.50 | * | congestion | S4 | 198.85 | * | 3 Oct high, gap |
Asterisk denotes strength of level
07:35 GMT - Still limited below the 202.00/201.80 area as prices extend consolidation above the 201.25 support. However, daily and weekly studies are tracking lower and suggest consolidation giving way to renewed selling pressure later. Break will open up room for deeper pullback to retrace bounce from the 197.50 low to support at the 200.00 congestion then the 198.85, 3rd October high and gap area. Meanwhile, resistance at the 203.50/204.00 congestion is expected to cap and sustain losses from the 205.30, current year high.