Published: 2025-10-13T07:45:15.000Z
Chart GBP/JPY Update: Consolidating, room for lower later
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Higher opening see prices back to consolidate at the 203.00 level from the 201.80 low of Friday
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 207.00 | * | congestion | S1 | 202.00 | * | congestion | |
| R3 | 205.80 | * | 16 Jul 2024 high | S2 | 201.25 | ** | Sep high | |
| R2 | 205.30 | ** | 8 Oct YTD high | S3 | 200.20/00 | ** | 6 Oct low, congestion | |
| R1 | 204.00 | * | congestion | S4 | 198.85 | * | 3 Oct high, gap |
Asterisk denotes strength of level
07:40 GMT - Higher opening see prices back to consolidate at the 203.00 level from the 201.80 low of Friday. Daily and weekly studies are overbought and threatens deeper pullback to retrace strong bounce from the 197.50 low. Below the 202.00 congestion will see room for deeper pullback to support at the 201.25, September high, Lower still, will see the gap area at 200.20/198.85 attracting. Meanwhile, resistance at the 204.00 congestion is expected to cap and sustain losses from the 205.30, current year high.