Published: 2026-05-06T07:31:46.000Z
Chart GBP/JPY Update: Still supported above 212.00
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Stays in consolidation above support at the 212.00 congestion following bounce from the 210.40 low of last week
| 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 - Stays in consolidation above support at the 212.00 congestion following bounce from the 210.40 low of last week. Consolidation is expected to give way to renewed selling pressure later. Resistance remains at the 214.00/215.00 congestion area which is expected to cap. Lower high sought to further pressure the downside later, below the 212.00 support and 210.40 low will see deeper pullback to extend losses from 216.60 high and see room to 209.60 support. Below the latter, will turn focus to 208.00 congestion and 207.50, February current year low.