Published: 2026-07-23T07:24:19.000Z
Chart GBP/JPY Update: Lower in consolidation
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Settled back from the 219.60 high as prices consolidate gains from the 212.40 June low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 224.00 | * | congestion | S1 | 218.00 | * | 9 Jul high | |
| R3 | 222.00 | * | Nov 2007 low | S2 | 216.60 | ** | Apr high | |
| R2 | 220.00 | * | congestion | S3 | 216.00 | * | congestion | |
| R1 | 219.60 | ** | 15 Jul YTD high | S4 | 215.50 | ** | 15 Jun high |
Asterisk denotes strength of level
07:25 GMT - Settled back from the 219.60 high as prices consolidate gains from the 212.40 June low. Pullback see support starting at the 218.00 level with overbought daily studies suggest scope for deeper pullback to strong support at the 216.60, April high. Lower still, will see room for deeper pullback to the 216.00/215.50 area. Meanwhile, resistance at the 219.60 high is expected to cap. Clearance here, if seen, will extend the underlying bull trend from the 2020 year low and see room for extension to the 220.00/222.00 congestion area.