Published: 2025-10-07T07:00:49.000Z
Chart GBP/JPY Update: Up to tag the 203.00 level
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Further extend bullish break of the 201.25 September high to reach fresh high at the 203.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 208.10 | ** | 11 Jul 2024 year high | S1 | 201.25 | * | 18 Sep high | |
| R3 | 205.78 | * | 16 Jul 2024 high | S2 | 200.50 | * | 26 Sep high | |
| R2 | 204.00/20 | ** | congestion, 19 Jul 2024 high | S3 | 200.00 | ** | congestion, Jul high | |
| R1 | 203.00 | * | congestion | S4 | 199.10/00 | * | 22 Sep low, congestion |
Asterisk denotes strength of level
06:50 GMT - Further extend bullish break of the 201.25 September high to reach fresh year high at the 203.00 level. Pause here see prices unwinding the overbought intraday studies. Positive daily and weekly studies suggest consolidation here giving way to further gains later to retrace losses from the July 2024 year high. Break will turn focus to strong resistance at 204.00/20, congestion and 19 July 2024 high. Meanwhile, support is raised to the 201.25 high of 18 September which is expected to underpin. Below this will ease the upside pressure and see room pullback to strong support at 200.50/200.00 area.