Published: 2025-08-18T07:24:28.000Z
Chart GBP/JPY Update: Consolidating below 200.28, current year high
Technical Analyst
1
Limited on break of the 200.00 level as prices settled back in consolidation from current year high at 200.28
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 202.00 | * | congestion | S1 | 198.80 | * | Jun high | |
| R3 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S2 | 198.00 | * | congestion | |
| R2 | 200.28 | ** | 13 Aug YTD high | S3 | 197.00 | * | congestion | |
| R1 | 200.00 | * | Jul high | S4 | 196.40 | ** | May high |
Asterisk denotes strength of level
07:20 GMT - Limited on break of the 200.00 level as prices settled back in consolidation from current year high at 200.28. Daily studies are unwinding from overbought areas and suggest room for pullback to retrace strong gains from the 195.00, 4 August low. Would take break of support at the 198.80/198.00 area to open up room to support at 197.00 congestion and 196.40, May high. Meanwhile, break of the 200.00/200.28 highs will open up room for extension to 201.50/202.00 congestion area.