Published: 2025-10-08T07:39:16.000Z
Chart GBP/JPY Update: Extending gains
-
Bullish break of the 201.25 September high at the start of the week has seen sharp gains to reach fresh year high above the 204.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 208.10 | ** | Jul 2024 multi-year high | S1 | 203.00 | * | congestion | |
| R3 | 207.00 | * | congestion | S2 | 202.00 | * | congestion | |
| R2 | 205.80 | * | 16 Jul 2024 high | S3 | 201.25 | * | 18 Sep high | |
| R1 | 205.00 | figure | S4 | 200.50/00 | ** | congestion, Jul high |
Asterisk denotes strength of level
07:30 GMT - Bullish break of the 201.25 September high at the start of the week has seen sharp gains to reach fresh year high above the 204.00 level. Bullish momentum suggest room for further gains to target the 205.00 level and 205.80 resistance and equidistant channel resistance from the August 2024 low. Meanwhile, support is raised to the 203.00/202.00 congestion area which is expected to underpin. Below these will fade the upside pressure and see room pullback to strong support at 201.25/200.00 area.