Published: 2026-04-16T07:03:30.000Z
Chart GBP/JPY Update: Room to extend gains
2
Break above the 215.00 February high see prices extending the underlying bull trend from 2011 low to approach the 216.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 220.00 | * | congestion | S1 | 215.00 | * | Feb high | |
| R3 | 219.30 | ** | Aug 2007 yr low | S2 | 213.30 | * | Mar high | |
| R2 | 217.60 | ** | Jan 2008 yr high | S3 | 212.00 | * | congestion | |
| R1 | 216.00 | * | Jul 2008 high | S4 | 210.80 | 16, 19 Mar lows |
Asterisk denotes strength of level
07:10 GMT - Break above the 215.00 February high see prices extending the underlying bull trend from 2011 low to approach the 216.00 level. Higher will further extend gains within the bull channel from the April 2025 year low to the 217.60, January 2008 year high. However, deep overbought daily studies caution corrective pullback with support raised to the 215.00/213.30, February and March highs, which should underpin. Would take break here to fade the upside pressure and see room for deeper pullback to retrace gains from 207.50 February current year low.