Published: 2026-05-07T07:30:41.000Z
Chart GBP/JPY Update: Extend consolidation above 212.00
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Little change, as prices extend consolidation above support at the 212.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 216.60 | ** | 30 Apr YTD high | S1 | 212.00 | * | congestion | |
| R3 | 216.00 | * | congestion | S2 | 210.40 | * | 30 Apr low | |
| R2 | 215.00 | * | Feb high, congestion | S3 | 209.60 | ** | Jan low | |
| R1 | 214.00 | * | 17 Apr low | S4 | 208.00 | * | congestion |
Asterisk denotes strength of level
07:25 GMT - Little change, as prices extend consolidation above support at the 212.00 congestion following bounce from the 210.40 low of last week. Would tale break of the 212.00 level to see room for deeper pullback to 210.00 congestion and 209.60 January low. Below the latter, will turn focus to 208.00 congestion and 207.50, February current year low. Meanwhile, resistance remains at the 214.00/215.00 congestion area which is expected to cap. Clearance will return focus to the 216.00/60 April highs and see scope to extend gains from the 2011 year low.