Published: 2025-09-05T07:46:01.000Z
Chart GBP/JPY Update: Consolidating below 200.00/30 highs
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Little change, as prices extend consolidation below resistance at the 200.00/30, July/August highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 202.00 | * | congestion | S1 | 198.00 | * | congestion | |
| R3 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S2 | 197.00 | * | congestion | |
| R2 | 200.30 | ** | 13 Aug YTD high | S3 | 196.40/00 | ** | May, Mar highs | |
| R1 | 200.00 | * | congestion | S4 | 195.00 | ** | Aug low |
Asterisk denotes strength of level
07:35 GMT - Little change, as prices extend consolidation below resistance at the 200.00/30, July/August highs. Would take break here to further retrace the sharp July/August 2024 losses and see extension to 201.50, 76.4% Fibonacci level. Would take break of support at the 198.00 congestion to open up room for deeper pullback to retrace gains from the 195.00, August swing low. Lower will see room to support at the 197.00 congestion then the strong support at 196.40/196.00, May and March highs.