Published: 2025-11-17T07:01:01.000Z
Chart GBP/JPY Update: Pressuring the 204.00 resistance
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Consolidating test of the 204.00 resistance but pressure remains on the upside following bounce from the 199.00 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 208.10 | ** | 11 Jul 2024 year high | S1 | 202.30/00 | * | 11 Nov low, congestion | |
| R3 | 206.00 | * | congestion | S2 | 201.25 | * | Sep high | |
| R2 | 205.30 | ** | 8 Oct YTD high | S3 | 200.00 | * | congestion | |
| R1 | 204.00 | ** | congestion | S4 | 199.00 | ** | congestion |
Asterisk denotes strength of level
07:00 GMT - Consolidating test of the 204.00 resistance but pressure remains on the upside following bounce from the 199.00 low. Clearance here will open up the 205.30 8 October YTD high to retest. However, overbought daily studies and divergence on weekly chart suggest reaction at the latter can be expected. Meanwhile, support at the 202.30/202.00 congestion now underpin. Would take break here to return focus to the downside for retest of support at the 201.25 September high and the 200.00/199.00 congestion area.