Published: 2026-03-19T06:09:50.000Z
Chart GBP/JPY Update: Consolidating
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Extending consolidation at the 212.00 level following rejection from the 213.30 high last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 215.00 | ** | 4 Feb YTD high | S1 | 211.00 | * | congestion | |
| R3 | 214.00 | * | congestion | S2 | 210.00 | * | congestion | |
| R2 | 213.30 | ** | 11 Mar high | S3 | 209.20/00 | * | 3 Mar low, congestion | |
| R1 | 212.00 | * | congestion | S4 | 208.00 | * | congestion |
Asterisk denotes strength of level
06:00 GMT - Extending consolidation at the 212.00 level following rejection from the 213.30 high last week. Negative daily and weekly studies suggest room for deeper pullback to retrace gains from the 207.25 February current year low. Lower will see room for retest support at the 211.00/210.00 congestion. Lower still, will turn focus to the 209.20/00, 3 March low and congestion area. Meanwhile, resistance at 212.00 congestion and extending to 213.30 high expected to cap and limit corrective bounce.