Published: 2025-09-10T06:35:47.000Z
Chart GBP/JPY Update: Consolidating below 200.00/30 highs
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Little change, as prices extend consolidation below the 200.00/30 congestion and August current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 202.00 | * | congestion | S1 | 199.00 | * | congestion | |
| R3 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S2 | 198.00 | * | congestion | |
| R2 | 200.30 | ** | 13 Aug YTD high | S3 | 197.00 | * | congestion | |
| R1 | 200.00 | * | congestion | S4 | 196.40/00 | ** | May, Mar highs |
Asterisk denotes strength of level
06:30 GMT - Little change, as prices extend consolidation below the 200.00/30 congestion and August current year high. However, positive daily and weekly studies suggest choppy trade above the 198.00 congestion giving way to break later to further retrace the sharp July/August 2024 losses. Clearance will see room for extension to 201.50, 76.4% Fibonacci level. Meanwhile, support is raised to the 199.00 congestion which now underpin. Would take break here and the 198.00 support to see deeper pullback to retrace gains from the 195.00, August swing low.