Published: 2025-11-20T07:59:14.000Z
Chart GBP/JPY Update: Reach fresh year high at 206.00
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Break of the 205.30 October high extend bounce from the 199.00 low to reach fresh year high at the 206.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 210.00 | * | congestion from 2008 | S1 | 205.30 | * | Oct high | |
| R3 | 208.10 | ** | Jul 2024 multi-year high | S2 | 204.00 | * | congestion | |
| R2 | 206.50 | * | channel resistance | S3 | 202.30/00 | * | 11 Nov low, congestion | |
| R1 | 206.00 | * | congestion | S4 | 201.25 | ** | Sep high |
Asterisk denotes strength of level
07:45 GMT - Break of the 205.30 October high extend bounce from the 199.00 low to reach fresh year high at the 206.00 level. Higher will see room to channel resistance from the August 2024 low at 206.50. Beyond this will turn focus to the 208.10, July 2024 multi-year high. Would expect reaction on retest of the latter as daily and weekly extend into overbought areas. Gains beyond this, if seen, will open up room to the 210.00 congestion from 2008. Meanwhile, support starts at the 205.30 October high and this extend to the 204.00 congestion which should underpin.