Published: 2025-10-06T06:47:50.000Z
Chart GBP/JPY Update: Sharp break to fresh year high
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Gapped up opening above the 200.00 figure has seen gains to reach fresh year high above the 202.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 208.10 | ** | 11 Jul 2024 year high | S1 | 200.00 | * | Jul high, congestion | |
| R3 | 205.78 | * | 16 Jul 2024 high | S2 | 199.00 | * | congestion | |
| R2 | 204.00/20 | ** | congestion, 19 Jul 2024 high | S3 | 198.00 | * | congestion | |
| R1 | 202.00 | * | congestion | S4 | 197.50 | ** | 2 Oct low |
Asterisk denotes strength of level
06:40 GMT - Gapped up opening above the 200.00 figure has seen gains to reach fresh year high above the 202.00 level. Positive daily and weekly studies suggest consolidation here to give way to further gains later to further 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 200.00 figure and July high which is expected to underpin. Below this will ease the upside pressure and see room for consolidation to the 199.00/198.00 congestion and 197.50 support.