Published: 2025-11-05T07:54:31.000Z
Chart GBP/JPY Update: Consolidating at 200.00, room for lower later
-
Turned back from approach of 199.00 intraday low to consolidate at the 200.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 204.00 | ** | congestion | S1 | 199.00 | * | congestion | |
| R3 | 203.00/25 | * | congestion, 30 Oct high | S2 | 198.00 | * | congestion | |
| R2 | 202.00 | * | congestion | S3 | 197.50 | ** | Oct low | |
| R1 | 201.25 | ** | Sep high | S4 | 197.30 | * | 38.2% Apr/Oct fall |
Asterisk denotes strength of level
07:50 GMT - Turned back from approach of 199.00 intraday low to consolidate at the 200.00 level as prices unwind oversold intraday studies following sharp break of the 202.00 level. Negative daily and weekly studies suggest consolidation giving way to renewed selling pressure later to extend losses from the 205.30, October current year high. Lower will see room to retest the 198.00 congestion and 197.50, October low. Meanwhile, resistance is lowered to September high at 101.25 which is expected to cap and sustain losses from the 205.30 high.