Published: 2025-12-22T08:23:30.000Z
Chart GBP/JPY Update: Extending gains, room to 212.00 next
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Break of the 209.00 level last Friday has seen rally to reach fresh high at the 211.00 level
| 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 | 212.00 | * | congestion | S4 | 207.20 | ** | Nov high |
Asterisk denotes strength of level
08:10 GMT - Break of the 209.00 level last Friday has seen rally to reach fresh high at the 211.00 level. Positive daily and weekly studies suggest potential to further extend the underlying bull trend from the September 2011 year low to target the 212.00 level. Higher still, will see potential for extension to the 214.10, August 2008 high. Meanwhile, support is raised to the 210.00 congestion which extend to the 209.00, 9 December high. This area now expected to underpin and sustain recent strong gains from the 199.05, November low.