Published: 2026-04-07T07:15:00.000Z
Chart GBP/JPY Update: Consolidating, room for lower later
-
Extending bounce from the 209.60 low as prices consolidate losses from the 213.30, March high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 215.00 | ** | 4 Feb YTD high | S1 | 209.60 | ** | 31 Mar low | |
| R3 | 214.00 | * | congestion | S2 | 209.20/00 | * | 5 Mar low, channel | |
| R2 | 213.30 | ** | 11 Mar high | S3 | 208.00 | congestion | ||
| R1 | 212.00 | * | congestion | S4 | 207.25 | * | 17 Feb YTD low |
Asterisk denotes strength of level
07:10 GMT - Extending bounce from the 209.60 low as prices consolidate losses from the 213.30, March high. Daily studies have turned mixed but the negative weekly studies suggest gains to give way to renewed selling pressure later below the latter. Break of the 209.60 support will see room for pullback to the 209.20/00 area and channel support from April 2025 low. Below here will return focus to the 207.25 February current year low and see scope to extend losses from the 215.00, February current year high.