Published: 2026-05-18T06:59:40.000Z
Chart GBP/JPY Update: Consolidating, room for lower later
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Limited on break of the 212.00 support but negative daily and weekly studies keep pressure on the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 216.60 | ** | 30 Apr YTD high | S1 | 210.40 | ** | 30 Apr low | |
| R3 | 215.00 | * | Feb high, congestion | S2 | 210.00 | * | congestion | |
| R2 | 214.00 | * | 17 Apr low | S3 | 209.60/00 | * | Jan low, congestion | |
| R1 | 213.00/30 | * | congestion, Mar high | S4 | 208.00 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - Limited on break of the 212.00 support but negative daily and weekly studies keep pressure on the downside and see for retest of support at 210.40/210.00, 30 April low and congestion area. Below here will further extend losses from the 216.60 April current year high to the 209.60/00 congestion. Lower still will see potential for retest of the 208.00 congestion and 207.50, February current year low. Meanwhile, resistance at the 214.00 congestion is expected to cap and sustain losses from the April current year high.