Published: 2026-04-23T07:16:49.000Z
Chart GBP/JPY Update: Poised for retest of current year high
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Bounce from the 214.00 level to regain the 215.00 level see prices poised for retest of the 215.90 current year high
| 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
07:10 GMT - Bounce from the 214.00 level to regain the 215.00 level see prices poised for retest of the 215.90 current year high. Break here will further extend gains within the bull channel from the April 2025 year and see room to resistance at 217.60, January 2008 year high. However, deep 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 deeper pullback to retrace gains from 207.50 February current year low.