Published: 2026-02-20T08:00:57.000Z
Chart GBP/JPY Update: Extend consolidation above 207.50 support
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Little change, as prices extend choppy trade above the 207.50 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 215.00 | ** | 4 Feb YTD high | S1 | 207.50 | * | congestion | |
| R3 | 214.00/40 | * | congestion, 9 Feb high | S2 | 206.00 | * | congestion | |
| R2 | 212.00 | * | congestion | S3 | 205.30/00 | * | Oct high, congestion | |
| R1 | 210.00 | * | congestion | S4 | 204.00 | * | congestion |
Asterisk denotes strength of level
07:50 GMT - Little change, as prices extend choppy trade above the 207.50 support and consolidate sharp losses from the 215.00, 4 February current year high. The resulting flag pattern suggest consolidation giving way to renewed selling pressure later to further retrace gains from the April 2025 year low. Lower will see room to support at the 206.00 congestion and 205.30/00 area. Meanwhile, resistance at the 210.00 level is expected to cap. Break here, if seen, will see room for stronger bounce to resistance at the 212.00 level.