Published: 2025-12-09T07:04:18.000Z
Chart GBP/JPY Update: Retest 208.10, 2024 year high
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Break above the 207.20 November high see prices extending bullish gains from the April YTD low to retest the 208.10, July 2024 multi-year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 212.00 | * | congestion | S1 | 207.20 | * | Nov high | |
| R3 | 210.50 | * | congestion | S2 | 206.20/00 | * | congestion | |
| R2 | 209.00 | * | congestion | S3 | 205.30 | ** | Oct high | |
| R1 | 208.10 | ** | Jul 2024 multi-year high | S4 | 204.00 | ** | congestion |
Asterisk denotes strength of level
07:00 GMT - Break above the 207.20 November high see prices extending bullish gains from the April YTD low to retest the 208.10, July 2024 multi-year high. Would expect reaction here as daily and weekly studies extend into overbought areas. However, break here not ruled out to extend the bullish structure. Higher will see potential to the 209.00/210.50 area and 212.00 level. Meanwhile, support is raised to 207.20 November high and extending to the 206.20/00 area. Below here will open up room for deeper correction to strong support at 205.30/204.00, October highs.