Published: 2026-01-13T07:30:31.000Z
Chart GBP/JPY Update: Extending gains
2
Sharply higher to extend bullish break above the 212.15 high last week to reach resistance at 214.00/10, August 2008 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 219.40 | * | 76.4% 2007/2011 fall | S1 | 211.60 | ** | 22 Dec high | |
| R3 | 217.30 | * | 8 Jan 2008 high | S2 | 210.00 | * | congestion | |
| R2 | 216.00 | ** | Jul 2008 high | S3 | 209.00 | ** | 9 Dec high | |
| R1 | 214.00/10 | * | congestion, Aug 2008 high | S4 | 208.10 | ** | congestion, 2024 year high |
Asterisk denotes strength of level
07:25 GMT - Sharply higher to extend bullish break above the 212.15 high last week to reach resistance at 214.00/10, August 2008 highs. Higher still, will see room to 216.00, July 2008 high. However, the overbought daily and weekly studies caution corrective pullback. Meanwhile, support is raised to the 212.00/211.60 congestion area and late-December high which should underpin. Would take break here to open up room for deeper correction of the April gains and see deeper pullback to support at the 209.00/208.10, 9 December high and 2024 year high.