Published: 2026-07-27T07:11:39.000Z
Chart GBP/JPY Update: Drifting narrowly above 218.00
-
Little change, as prices drift narrowly above the 218.00 level following pullback from the 219.60 mid-July current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 224.00 | * | congestion | S1 | 218.00 | * | 9 Jul high | |
| R3 | 222.00 | * | Nov 2007 low | S2 | 216.60 | ** | Apr high | |
| R2 | 220.00 | * | congestion | S3 | 216.00 | * | congestion | |
| R1 | 219.60 | ** | 15 Jul YTD high | S4 | 215.50 | ** | 15 Jun high |
Asterisk denotes strength of level
07:10 GMT - Little change, as prices drift narrowly above the 218.00 level following pullback from the 219.60 mid-July current year high. Negative daily studies suggest room for deeper pullback to retrace gains from the 212.40 June low. Below 218.00 will see room to strong support at the 216.60/216.00 area and extending to 215.50 mid-June high. Meanwhile, resistance at the 219.00 congestion and extending to 219.60 high are expected to cap. Clearance here, will extend the underlying bull trend from the 2020 year low and see extension to the 220.00/222.00 area.