Published: 2026-03-06T07:39:18.000Z
Chart GBP/JPY Update: Extend consolidation above 209.00
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Extending consolidation above support at the 209.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 215.00 | ** | 4 Feb YTD high | S1 | 209.00 | * | congestion | |
| R3 | 214.00 | * | congestion | S2 | 208.00 | * | congestion | |
| R2 | 212.00 | ** | congestion | S3 | 207.25 | ** | 17 Feb YTD low | |
| R1 | 211.00 | * | congestion | S4 | 206.00 | * | congestion |
Asterisk denotes strength of level
07:30 GMT - Extending consolidation above support at the 209.00 congestion following pullback from the 212.00 high of last week. Negative daily studies suggest consolidation giving way renewed selling pressure later to open support at the 208.00/207.25 congestion and February low to retest. Break of the latter will open up room for deeper pullback to retrace the April/February rally and see extension to the 206.00/205.00 congestion. Meanwhile, resistance at the 212.00 congestion is expected to cap. Regaining this will revive the upside focus and return focus to the 215.00 high.