Published: 2025-04-16T07:05:47.000Z
Chart GBP/JPY Update: Extend choppy trade within 190.00/186.00 area
Technical Analyst
1
Extending choppy trade within the 186.00/190.00 range area but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 194.10 | * | 3 Apr high | S1 | 187.05 | * | Feb low | |
| R3 | 193.00 | * | congestion | S2 | 186.00 | * | 7 Apr low, congestion | |
| R2 | 192.00/20 | ** | congestion, 1 Apr low | S3 | 184.35 | ** | 9 Apr YTD low | |
| R1 | 190.00 | * | congestion | S4 | 183.70 | * | Sep low |
Asterisk denotes strength of level
07:00 GMT - Extending choppy trade within the 186.00/190.00 range area but pressure remains on the upside. Break above 190.00 resistance will extend sharp bounce from the 184.35 low to retrace losses from the 196.00, March high. Higher will see room to resistance at the 192.00/193.00 congestion area. However, gains are seen corrective and expected to give way to fresh selling pressure later. Break of the 186.00 support will expose the 184.35 low to retest and see scope for extension to the 183.70, September low. Below this will turn focus to the 180.10, August low.