Published: 2025-10-28T06:59:59.000Z
Chart GBP/JPY Update: Settling back from 204.25 high
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Limited on break above 204.00 level and pullback from the 204.25 high see prices unwinding the overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 208.10 | ** | 11 Jul 2024 year high | S1 | 202.00 | * | congestion | |
| R3 | 206.00 | * | congestion | S2 | 201.25 | ** | Sep high | |
| R2 | 205.30 | ** | 8 Oct YTD high | S3 | 200.20/00 | * | 6 Oct low, congestion | |
| R1 | 204.00 | * | congestion | S4 | 198.85 | * | 3 Oct high, gap |
Asterisk denotes strength of level
06:50 GMT - Limited on break above 204.00 level and pullback from the 204.25 high see prices unwinding the overbought intraday and daily studies. Below the 203.00 level will see room to support at the 202.00 congestion. Break here will turn focus lower and see deeper pullback to retrace gains from the 184.35, April low. Lower will see extension to the 200.20/200.00 area and 198.85 gap. Meanwhile, resistance at the 204.00/25 congestion and Monday's high now expected to cap.