Published: 2025-09-04T07:11:36.000Z
Chart GBP/JPY Update: Lower in range from retest of 200.00/30 highs
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Little change, as prices extend consolidation within the 200.00/198.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 202.00 | * | congestion | S1 | 198.00 | * | congestion | |
| R3 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S2 | 197.00 | * | congestion | |
| R2 | 200.30 | ** | 13 Aug YTD high | S3 | 196.40/00 | ** | May, Mar highs | |
| R1 | 200.00 | * | congestion | S4 | 195.00 | ** | Aug low |
Asterisk denotes strength of level
07:10 GMT - Little change, as prices extend consolidation within the 200.00/198.00 area following rejection from the 200.00/30, July/August highs. While the latter caps, risk is for break of the 198.00 support to retrace gains from the 195.00, August swing low. Lower will see room to support at the 197.00 congestion then the strong support at 196.40/196.00, May and March highs. Would take break of the 200.00/30 highs to extend the broader gains from the 180.10, August 2024 low.