Published: 2026-06-02T07:07:13.000Z
Chart GBP/JPY Update: Above 215.00 return focus to 216.00/60 highs
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Extending bounce from the 213.30 low of last week to retrace losses from the 30 April current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 218.00 | * | congestion | S1 | 214.00 | * | congestion | |
| R3 | 216.60 | ** | 30 Apr YTD high | S2 | 213.30 | * | 28 May low, congestion | |
| R2 | 216.00 | * | congestion | S3 | 212.00 | * | congestion | |
| R1 | 215.00 | * | Feb high, congestion | S4 | 211.20 | ** | 18 May low |
Asterisk denotes strength of level
07:00 GMT - Extending bounce from the 213.30 low of last week and break above resistance at the 215.00 level see prices retracing the losses from the 30 April range high. Higher will see room to the 216.00 congestion then the 216.60, current year high of 30 April. Above here will further extend the underlying bull trend from the 2020 low. Meanwhile, support is raised to 214.00 congestion and extending to the 213.30 low of last week. This area should underpin. Would take break here to return focus to the downside for retest of the 212.00/211.20 congestion and low of 18 May.