Published: 2025-12-19T07:35:01.000Z
Chart GBP/JPY Update: Extending gains
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Bounce from support at the 207.20/00 area see prices back to pressure the 209.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 214.00/10 | * | congestion, Aug 2008 high | S1 | 207.20 | * | Nov high | |
| R3 | 212.00 | * | congestion | S2 | 206.20/00 | * | congestion | |
| R2 | 210.50 | * | congestion | S3 | 205.30 | ** | Oct high | |
| R1 | 209.00 | ** | 9 Dec YTD high | S4 | 204.00 | ** | congestion |
Asterisk denotes strength of level
07:35 GMT - Bounce from support at the 207.20/00 area see prices back to pressure the 209.00 high. Break here will extend the underlying bull trend from the 2011 year low to target the 210.50/212.00 congestion area and 214.10, August 2008 high. Meanwhile, support at 207.20/00 area should underpin. Break here will ease the upside pressure and open up room for deeper pullback to retrace gains from the November low to support at the 206.00 congestion then the strong support at the 205.30/204.00, October highs.