Published: 2026-06-18T06:51:50.000Z
Chart GBP/JPY Update: Backed off the 215.50 resistance
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Retest of the 215.50 resistance has given way to sharp pullback below the 214.00 congestion towards the 213.00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 217.50 | * | congestion Jan 2008 | S1 | 213.00 | ** | congestion | |
| R3 | 216.60 | ** | 30 Apr YTD high | S2 | 212.00 | * | congestion | |
| R2 | 216.00 | * | congestion | S3 | 211.20 | ** | 18 May low | |
| R1 | 215.50 | ** | 2 Jun high | S4 | 210.40 | ** | 30 Apr low |
Asterisk denotes strength of level
06:50 GMT - Retest of the 215.50 resistance has given way to sharp pullback below the 214.00 congestion towards the 213.00 support. Daily and weekly studies have turned lower to unwind overbought readings and suggest scope for break here to confirm a double top at 215.50 high and open up room for deeper pullback to retrace gains from the 210.40, 30 April low. Lower will see room to the 212.00 congestion then the 211.20/210.40 lows. Meanwhile, resistance at the 214.00 congestion is expected to cap and sustain losses from the 215.50 highs.