Published: 2026-04-27T06:46:37.000Z
Chart GBP/JPY Update: Room to extend gains
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Poised for retest of the 15 April current year high just below the 216.00 level following bounce from the 214.00 low last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 220.00 | * | congestion | S1 | 214.00 | * | 17 Apr low | |
| 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
06:40 GMT - Poised for retest of the 15 April current year high just below the 216.00 level following bounce from the 214.00 low last week. Break will further extend gains within the bullish channel from the April 2025 year and see room for extension to resistance at 217.60, January 2008 year high. However, overbought daily studies caution corrective pullback with support raised to the 214.00/213.30, congestion area and March high. 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.