Published: 2025-11-26T08:17:23.000Z
Chart GBP/JPY Update: Focus return to 206.85 YTD high
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Bounce from the 204.30 low to regain the 205.30 October high return focus to the 206.85, 20 November YTD high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 212.00 | * | congestion | S1 | 205.30 | * | Oct high | |
| R3 | 210.00 | * | congestion | S2 | 204.00 | * | congestion | |
| R2 | 208.10 | ** | Jul 2024 multi-year high | S3 | 202.30/00 | * | 11 Nov low, congestion | |
| R1 | 206.85 | * | 20 Nov YTD high | S4 | 201.25 | ** | Sep high |
Asterisk denotes strength of level
08:10 GMT - Bounce from the 204.30 low to regain the 205.30 October high return focus to the 206.85, 20 November YTD high. Positive daily and weekly studies suggest scope for retest here and where break will extend the bullish gains from the July 2024 low. Higher will see room for extension to retest the 208.10, July 2024 multi-year high. Meanwhile, support at the 205.30 and extending to 204.00 congestion should underpin. Only below this will fade the upside pressure and see room for consolidation to the 202.00/201.25 support.