Published: 2025-11-03T08:11:37.000Z
Chart GBP/JPY Update: Extend choppy trade within 201.00/204.00 area
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Turned up in consolidation from the 200.55 low of last week to extend choppy trade within the 201.00/204.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 206.00 | * | congestion | S1 | 201.25 | * | Sep high | |
| R3 | 205.30 | ** | 8 Oct YTD high | S2 | 200.20/00 | ** | 6 Oct low, congestion | |
| R2 | 204.00 | * | congestion | S3 | 198.85 | * | 3 Oct high, gap | |
| R1 | 203.00 | * | congestion | S4 | 198.00/50 | ** | congestion, 2 Oct low |
Asterisk denotes strength of level
08:00 GMT - Turned up in consolidation from the 200.55 low of last week to extend choppy trade within the 201.00/204.00 area. Bounce see resistance at the 203.00/204.00 area and lower high sought to pressure the downside later. Below the 201.25/00 support will see the gap area from early-October at 200.20/198.85 attracting. Meanwhile, resistance at the 204.00/204.25 highs are expected to cap. Would take break to expose the 205.30 current year high to retest and see room for extension to target the 206.00 congestion.