Published: 2025-09-25T07:12:30.000Z
Chart GBP/JPY Update: Scope to retest 200.75/201.26 highs
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Turned up from above the 199.00 level to regain the 200.00 level, setting up scope for retest of the 200.75 resistance and the 201.26 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 204.00 | ** | congestion | S1 | 200.00 | * | congestion | |
| R3 | 203.00 | * | congestion | S2 | 199.10/00 | * | 22 Sep low, congestion | |
| R2 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S3 | 198.00 | ** | congestion | |
| R1 | 200.75 | * | 15 Sep high | S4 | 197.00 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Turned up from above the 199.00 level to regain the 200.00 level, setting up scope for retest of the 200.75 resistance and the 201.26 high. Daily studies have turned up from oversold readings and suggest scope for break to extend gains from the August 2024 low. Higher will see room to 201.50, 76.4% Fibonacci level then the 203.00/204.00 area. Meanwhile, support is raised to the 200.00 congestion and this extend to 199.10 Monday's higher low now expected to underpin and sustain bounce from the 195.00, August low.