Chart GBP/JPY Update: Extending gains
Break of the 211.60, December 2025 year high, see prices extending the underlying bull trend from the September 2011 year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 217.30 | * | 8 Jan 2008 high | S1 | 210.00 | * | congestion | |
| R3 | 216.00 | ** | Jul 2008 high | S2 | 209.00 | ** | 9 Dec high | |
| R2 | 214.00/10 | * | congestion, Aug 2008 high | S3 | 208.00 | * | congestion | |
| R1 | 212.60 | * | congestion | S4 | 207.20 | ** | Nov high |
Asterisk denotes strength of level
06:50 GMT - Break of the 211.60, December 2025 year high, see prices extending the underlying bull trend from the September 2011 year low to reach resistance at 212.00/212.60 area and April channel resistance. Higher still, will see potential to target the August 2008 high at 214.10. However, deep overbought daily and weekly studies caution corrective pullback with support raised to the 210.00 congestion amd extending to the 209.00, 9 December high. Would take break of this area to open up room for deeper correction within the April bull channel to 208.00 congestion and 207.20, November high.