Published: 2026-02-27T08:01:57.000Z
Chart GBP/JPY Update: Lower in consolidation
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Settled back from retest of the 212.00 level as prices consolidate gains from the 207.50 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 215.00 | ** | 4 Feb YTD high | S1 | 210.00 | * | congestion | |
| R3 | 214.00/40 | * | congestion, 9 Feb high | S2 | 208.00 | * | congestion | |
| R2 | 213.00 | * | congestion | S3 | 207.50 | ** | congestion | |
| R1 | 212.00 | * | congestion | S4 | 206.00 | * | congestion |
Asterisk denotes strength of level
07:50 GMT - Settled back from retest of the 212.00 level as prices consolidate gains from the 207.50 low of last week. Daily studies are unwinding overbought readings and see risk for break of the 210.00 support to return focus to the downside to strong support at the 208.00/207.50 area. Break here will open up room for deeper pullback to retrace the April/February rally to the 206.00/205.00 congestion. Meanwhile, resistance at 212.00 high is expected to cap. Would take break here to open up room for extension to retest the 213.00/214.00 area.