Published: 2026-06-10T07:17:35.000Z
Chart GBP/JPY Update: Extending bounce from 213.00
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Bounce from the 213.00 level to regain the 214.00 sets up scope for retest of the 215.00 level and 215.50 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 216.60 | ** | 30 Apr YTD high | S1 | 213.00 | * | congestion | |
| R3 | 216.00 | * | congestion | S2 | 212.00 | * | congestion | |
| R2 | 215.50 | ** | 2 Jun high | S3 | 211.20 | ** | 18 May low | |
| R1 | 215.00 | congestion | S4 | 210.40 | ** | 30 Apr low |
Asterisk denotes strength of level
07:10 GMT - Bounce from the 213.00 level to regain the 214.00 sets up scope for retest of the 215.00 level and 215.50 high of last week. Would expect reaction at the latter but a later break cannot be ruled out to extend choppy gains from the 210.40, 30 April low. Clearance will expose the 216.60 high to retest. Above the latter will extend the underlying bull trend from 2020 year low. Meanwhile, support at the 214.00/213.00 area underpin. Would take break here to open up room for retest of strong support at the 212.00/211.20 area.