Published: 2026-07-01T07:01:46.000Z
Chart GBP/JPY Update: Extending June bounce
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Extending bounce from the 217.40 low of 18 June to retest resistance at the 215.50 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 217.50 | * | wedge top | S1 | 214.00 | * | congestion | |
| R3 | 216.60 | ** | 30 Apr YTD high | S2 | 213.00 | * | congestion | |
| R2 | 216.00 | figure | S3 | 212.40 | ** | Jun low | ||
| R1 | 215.50 | * | congestion | S4 | 211.20 | ** | 18 May low |
Asterisk denotes strength of level
06:50 GMT - Extending bounce from the 217.40 low of 18 June to retest resistance at the 215.50 congestion. Above here will see scope for retest of the 216.00 figure and 216.60 April current year high. Break here, if seen, will extend gains within the rising wedge pattern from February low to 217.50 wedge top. Meanwhile, support is raised to 214.00/213.00 congestion. Below here will expose 212.40 June low to retest. Would take break here to turn focus to the downside to retrace gains from the February current year low.