Published: 2025-03-26T07:25:08.000Z
Chart GBP/JPY Update: Pressuring 194.75 resistance
Technical Analyst
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Rebound from the 192.00 congestion see prices back to retest the 194.75 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 198.95 | ** | Dec high | S1 | 193.00 | * | congestion | |
| R3 | 197.50 | * | Oct trendline | S2 | 192.00 | ** | 21 Mar low | |
| R2 | 196.00 | * | congestion | S3 | 190.73 | * | 13 Mar low | |
| R1 | 194.75 | ** | 24 Jan high | S4 | 190.00 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Rebound from the 192.00 congestion see prices back to retest the 194.75 resistance. Clearance will open up room for stronger gains from the February YTD low at 187.05 within the falling channel from the October high. Higher will see room to the 196.00 congestion and 197.50 channel resistance. Meanwhile, support at the 193.00/192.00 congestion underpin. Corrective gains are expected to give way to selling pressure later with support and break of the latter will open up room for retest of the 190.73/190.00 support. Below these will return focus to the 188.10 and 187.05, December and February lows.