Published: 2026-05-08T07:27:11.000Z
Chart GBP/JPY Update: Extend consolidation within 212.00/214.00 area
1
Still little change, as prices extend consolidation within the 212.00/214.00 congestion area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 216.60 | ** | 30 Apr YTD high | S1 | 212.00 | * | congestion | |
| R3 | 216.00 | * | congestion | S2 | 210.40 | * | 30 Apr low | |
| R2 | 215.00 | * | Feb high, congestion | S3 | 209.60 | ** | Jan low | |
| R1 | 214.00 | * | 17 Apr low | S4 | 208.00 | * | congestion |
Asterisk denotes strength of level
07:25 GMT - Still little change, as prices extend consolidation within the 212.00/214.00 congestion area following bounce from the 210.40 low of last week. Would tale break of the 212.00 level to open up room for deeper pullback to support at 210.00 congestion and 209.60 January low. Below the latter, will turn focus to 208.00 congestion and 207.50, February current year low. Meanwhile, resistance remains at the 214.00/215.00 congestion area which is expected to cap. Clearance will fade the downside pressure and return focus to the 216.00/60 April highs.