Published: 2026-06-05T07:21:43.000Z
Chart GBP/JPY Update: Consolidating
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Settled back from the 215.50 high to consolidate around the 215.00 level as prices unwind overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 218.00 | * | congestion | S1 | 214.00 | * | congestion | |
| R3 | 216.60 | ** | 30 Apr YTD high | S2 | 213.30 | * | 28 May low, congestion | |
| R2 | 216.00 | * | congestion | S3 | 212.00 | * | congestion | |
| R1 | 215.50 | * | 2 Jun high | S4 | 211.20 | ** | 18 May low |
Asterisk denotes strength of level
07:20 GMT - Settled back from the 215.50 high to consolidate around the 215.00 level as prices unwind overbought daily studies. However, further gains cannot be ruled out and higher will see scope to retest the 216.00 congestion then the 216.60, current year high of 30 April. Beyond these will extend the underlying bull trend from the 2020 year low. Meanwhile, support remains at the 214.00 level and this extend to the 213.30 low of last week. Would take break here to ease the upside pressure and see room for deeper pullback to 212.00/211.20 congestion and low of 18 May.