Published: 2025-09-16T07:54:31.000Z
Chart GBP/JPY Update: Lower in consolidation
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Lower in consolidation from the 200.75 high as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 204.00 | ** | congestion | S1 | 200.00 | * | Jul high | |
| R3 | 202.00 | * | congestion | S2 | 199.00 | * | congestion | |
| R2 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S3 | 198.00 | ** | congestion | |
| R1 | 200.75 | ** | 15 Sep YTD high | S4 | 197.00 | * | congestion |
Asterisk denotes strength of level
07:45 GMT - Lower in consolidation from the 200.75 high as prices unwind overbought intraday studies. However, positive daily studies suggest scope for further gains to retrace the sharp July/August 2024 losses. Clearance will see room for extension to 201.50/202.00, 76.4% Fibonacci level and congestion area. Meanwhile, support is raised to the 200.00 July high. Would take break here to fade the upside pressure and see pullback to retrace gains from the 195.00 August swing low to the 199.00/198.00 congestion area.