Published: 2025-11-13T07:55:17.000Z
Chart GBP/JPY Update: Extending gains
3
Break above 203.25 resistance see prices extending bounce from the 199.00 low and turning focus to the 204.00 congestion
| 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
07:50 GMT - Break above 203.25 resistance see prices extending bounce from the 199.00 low and turning focus to the 204.00 congestion. Clearance here open up the 205.30 8 October YTD high to retest. However, overbought daily studies and divergence on weekly chart suggest the latter keeping out of reach. Meanwhile, support at the 202.30/202.00 congestion now underpin. Would take break here to return focus to the downside for retest of the 201.25 support and the 200.00/199.00 congestion area.