Published: 2026-07-30T07:28:39.000Z
Chart GBP/JPY Update: Choppy around 218.00
1
Turned up in choppy trade above the 217.00 support to regain the 218.00 level and sustain bullish bias from the 212.40 June low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 224.00 | * | congestion | S1 | 218.00 | * | congestion | |
| R3 | 222.00 | * | Nov 2007 low | S2 | 217.00 | * | 15 Jul low | |
| R2 | 220.00 | * | congestion | S3 | 216.60 | ** | Apr high | |
| R1 | 219.60 | ** | 15 Jul YTD high | S4 | 216.00 | * | congestion |
Asterisk denotes strength of level
07:20 GMT - Turned up in choppy trade above the 217.00 support to regain the 218.00 level and sustain bullish bias from the 212.40 June low. Positive daily and weekly studies keep focus on the upside and see scope for retest of the 219.60 high. Above here will extend the underlying bull trend from the 2020 year low and see room to 220.00/222.00 area. Meanwhile, support remains at the 218.00/217.00 area. Would take break here and support at 216.60 April high to open up room for deeper pullback to 214.00, channel support from the February low.