Published: 2026-03-02T07:47:43.000Z
Chart GBP/JPY Update: Under pressure
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Under pressure as break of the 210.00 support see prices extending pullback from resistance at the 212.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 214.00 | * | congestion | S1 | 209.00 | * | congestion | |
| R3 | 213.00 | * | congestion | S2 | 208.00 | * | congestion | |
| R2 | 212.00 | ** | congestion, 25 Feb high | S3 | 207.50 | ** | congestion | |
| R1 | 210.00 | * | congestion | S4 | 206.00 | * | congestion |
Asterisk denotes strength of level
07:40 GMT - Under pressure as break of the 210.00 support see prices extending pullback from resistance at the 212.00 level. Daily studies are unwinding overbought readings and see room for pullback to strong support at the 208.00/207.50 area. Break of the latter will open up room for deeper pullback to retrace the April/February rally and see extension to the 206.00/205.00 congestion. Meanwhile, resistance is lowered to 210.00 congestion which is expected to cap and sustain losses from the 212.00 high of last week.