Published: 2025-05-27T04:27:54.000Z
Chart GBP/JPY Update: Consolidating at 192.00 support
Technical Analyst
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Turned up in consolidation from the 192.00/191.70 support as prices consolidate losses from the 196.40 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 198.00 | * | congestion | S1 | 192.00 | * | congestion | |
| R3 | 196.00/40 | ** | congestion, 14 May high | S2 | 190.00 | ** | congestion | |
| R2 | 195.00 | * | congestion | S3 | 188.00 | * | Dec low | |
| R1 | 194.00 | * | congestion | S4 | 187.00 | * | Feb low |
Asterisk denotes strength of level
04:25 GMT - Turned up in consolidation from the 192.00/191.70 support as prices consolidate losses from the 196.40 high. Bounce see daily studies unwinding oversold readings but this is expected to give way to renewed selling pressure later. Lower will see deeper retracement of the April/May rally and see room to support at 190.00 congestion. Break here will see scope to the 188.00/189.00, December/February lows. Meanwhile, resistance is lowered to 194.00/195.00 congestion which is expected to cap and sustain losses from the 196.40 high.