Published: 2026-07-20T07:31:38.000Z
Chart GBP/JPY Update: Lower from the 219.60 high
3
Lower in range from the 219.60 high as prices consolidate strong gains from the 212.40 June low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 224.00 | * | congestion | S1 | 218.00 | * | 9 Jul high | |
| R3 | 222.00 | * | Nov 2007 low | S2 | 216.60 | ** | Apr high | |
| R2 | 220.00 | * | congestion | S3 | 216.00 | * | congestion | |
| R1 | 219.60 | ** | 15 Jul YTD high | S4 | 215.50 | ** | 15 Jun high |
Asterisk denotes strength of level
07:25 GMT - Lower in range from the 219.60 high as prices consolidate strong gains from the 212.40 June low. Daily studies have turned down to unwind overbought readings to reach 218.00 support. Would take break here to open up room for deeper pullback to strong support at the 216.60, April high. Would take break of the latter to ease the upside pressure and see room for deeper pullback to retrace gains from 212.40 June low. Meanwhile, break above the 219.60 high will extend the underlying bull trend from the 2011 year low and see room to the 220.00/222.00 congestion area.