Published: 2026-06-12T07:25:11.000Z
Chart GBP/JPY Update: Within reach of 215.50 high
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Pressure remains on the upside as prices extend bounce from the 213.00 level to reach the 215.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 216.60 | ** | 30 Apr YTD high | S1 | 214.00 | * | congestion | |
| R3 | 216.00 | * | congestion | S2 | 213.00 | ** | congestion | |
| R2 | 215.50 | ** | 2 Jun high | S3 | 212.00 | * | congestion | |
| R1 | 215.00 | congestion | S4 | 211.20 | ** | 18 May low |
Asterisk denotes strength of level
07:20 GMT - Pressure remains on the upside as prices extend bounce from the 213.00 level to reach the 215.00 level. Above here will see scope to retest 215.50 high of last week. Would expect reaction here but a later break cannot be ruled out to extend choppy gains from the 210.40 late-April low. Clearance will expose the 216.60 high to retest and see room to extend the underlying bull trend from 2020 year low. Meanwhile, support at the 214.00/213.00 area underpin. Would take break here to ease the upside pressure and open up room for retest of strong support at the 212.00/211.20 area.