Published: 2026-04-09T07:31:32.000Z
Chart GBP/JPY Update: Retest 213.30 March high
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Bounce from the 209.60 low see prices extending gains within the bullish channel from the April 2025 low
| 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, 19 Mar lows | |
| R2 | 214.00 | * | congestion | S3 | 209.60 | ** | 31 Mar low, channel | |
| R1 | 213.30 | ** | Mar high | S4 | 209.20/00 | * | congestion, 5 Mar low |
Asterisk denotes strength of level
07:30 GMT - Bounce from the 209.60 low see prices extending gains within the bullish channel from the April 2025 low. Break above resistance at 212.00 see prices back to retest the 213.30, March high. Daily studies have turned mixed but a later break here cannot be ruled out. Clearance will see room for extension to retest the 214.00 level then the 215.00 February current year high. Meanwhile, support is raised to the 212.00 congestion. Would take break here to ease the upside pressure and see room for consolidation back to 210.80 support and 209.60 low.