Published: 2026-06-09T07:36:16.000Z
Chart GBP/JPY Update: Consolidating, room for lower later
1
Turned up from the 213.00 level as prices consolidate losses from the 215.50 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 216.60 | ** | 30 Apr YTD high | S1 | 213.00 | * | congestion | |
| R3 | 216.00 | * | congestion | S2 | 212.00 | * | congestion | |
| R2 | 215.50 | ** | 2 Jun high | S3 | 211.20 | ** | 18 May low | |
| R1 | 214.00 | congestion | S4 | 210.40 | ** | 30 Apr low |
Asterisk denotes strength of level
07:35 GMT - Turned up from the 213.00 level as prices consolidate losses from the 215.50 high of last week. However, prices are unwinding overbought daily and weekly studies and suggest scope for deeper pullback to support at the 212.00 congestion and 211.20 low of 18 May. Break of the latter will turn focus to the 210.40 the 30 April range low. Meanwhile, resistance is lowered to the 214.00/50 area which is expected to cap and sustain losses from the 215.50 high. Only regaining the latter will fade the downside pressure and expose the 216.60 high to retest.