Published: 2025-11-12T06:28:39.000Z
Chart GBP/JPY Update: Pressuring 203.25 resistance
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Pressure remain on the upside following bounce from the 199.00 low to reach the 203.25 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 206.00 | congestion | S1 | 201.25 | * | Sep high | ||
| R3 | 205.30 | ** | 8 Oct YTD high | S2 | 200.00 | * | congestion | |
| R2 | 204.00 | ** | congestion | S3 | 199.00 | ** | congestion | |
| R1 | 203.25 | * | 30 Oct high | S4 | 198.00 | * | congestion |
Asterisk denotes strength of level
06:30 GMT - Pressure remain on the upside following bounce from the 199.00 low to reach the 203.25 resistance. Clearance here, will expose strong resistance at the 204.00 congestion. Beyond this will return focus to the 205.30, 8 October YTD high. However, divergence on weekly studies suggest the latter keeping out of reach. Meanwhile, support at the 202.00/201.25 congestion and September high now underpin. Would take break here to return focus to the downside for retest of the 199.00 low and threaten deeper pullback to retrace the April/October rally.