Published: 2026-03-24T08:13:32.000Z
Chart GBP/JPY Update: Extend February gains
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Bounce from the 210.80 low to regain the 212.00 level has seen gains to retest the 213.30, 11 March high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 215.90 | * | Jul 2008 high | S1 | 212.00 | * | congestion | |
| R3 | 215.00 | ** | 4 Feb YTD high | S2 | 210.80 | * | 16 Mar low | |
| R2 | 214.00 | * | congestion | S3 | 210.00 | * | congestion | |
| R1 | 213.30 | ** | 11 Mar high | S4 | 209.20/00 | * | 3 Mar low, congestion |
Asterisk denotes strength of level
08:10 GMT - Bounce from the 210.80 low to regain the 212.00 level has seen gains to retest the 213.30, 11 March high. Positive daily studies suggest scope for break here to open up room for extension to retest resistance at 214.00 congestion and 215.00, 4 February current year high. Mixed weekly studies suggest these are expected to cap gains. Meanwhile, support is raised to the 212.00 congestion ahead of 210.80 low of last week. Would take break of the latter to return focus to the downside for retest of support at 210.00/209.00 area.