Published: 2025-08-19T07:06:43.000Z
Chart GBP/JPY Update: Scope for pullback from 200.00/28 highs
Technical Analyst
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Little change, as prices settled back in range from test of the 200.00/200.28 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 202.00 | * | congestion | S1 | 198.80 | * | Jun high | |
| R3 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S2 | 198.00 | * | congestion | |
| R2 | 200.28 | ** | 13 Aug YTD high | S3 | 197.00 | * | congestion | |
| R1 | 200.00 | * | Jul high | S4 | 196.40 | ** | May high |
Asterisk denotes strength of level
07:00 GMT - Little change, as prices settled back in range from test of the 200.00/200.28 highs to consolidate rally from the 195.00 low. Daily studies are unwinding overbought reading and suggest room for pullback to the 198.80/198.00 support. Would take break here to open up room to support at 197.00 congestion and 196.40, May high. Meanwhile, resistance at the 200.00/200.28 highs expected to cap. Break here will extend the April gains and see room for extension to 201.50/202.00 congestion area.