Published: 2025-06-30T07:32:29.000Z
Chart GBP/JPY Update: Leaning lower from 198.80 high
Technical Analyst
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Turning lower from the 198.80 Friday's high and return below the 198.00 level threatens deeper pullback to support at the 197.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 202.00 | * | congestion | S1 | 197.00 | * | congestion | |
| R3 | 200.70 | * | 23 Jul 2024 low | S2 | 196.40/00 | * | May high, congestion | |
| R2 | 199.80 | ** | Oct high | S3 | 194.00 | ** | congestion | |
| R1 | 199.00 | ** | Dec high | S4 | 192.70 | * | 3 Jun low |
Asterisk denotes strength of level
07:30 GMT - Turning lower from the 198.80 Friday's high and return below the 198.00 level threatens deeper pullback to support at the 197.00 congestion. Would take break here to open up room for deeper pullback to the 196.40/196.00 area which is expected to underpin. Break here will fade the upside pressure and see deeper pullback to retrace April/june rally. Meanwhile, resistance at 198.80 high is expected to cap. Would take break here and the 199.00 December high to expose the October high at 199.80 to retest.