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Published: 2025-09-08T07:40:59.000Z

Chart GBP/JPY Update: Consolidating retest of 200.00/30 highs

byPakLai Ng

Technical Analyst
-

Settled back from retest of the July/August highs at the 200.00/30 area to consolidate below the 200.00 level

 LevelsImpComment   LevelsImpComment
R4202.00*congestion S1199.00*congestion                   
R3201.50*76.4% Jul/Aug 2024 fall S2198.00*congestion                   
R2200.30**13 Aug YTD high S3 197.00*congestion
R1200.00*congestion S4 196.40/00**May, Mar highs

Asterisk denotes strength of level

07:30 GMT - Settled back from retest of the July/August highs at the 200.00/30 area to consolidate below the 200.00 level. Positive daily and weekly studies suggest scope for break later to further retrace the sharp July/August 2024 losses. Clearance will see room for extension to 201.50, 76.4% Fibonacci level. Meanwhile, support is raised to the 199.00 congestion which should underpin. Would take break here and the 198.00 support to return focus to the downside to retrace gains from the 195.00, August swing low.

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Topics
GBP/JPY-TA
DM-Technical
Technical Analysis

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