Published: 2026-07-03T06:59:11.000Z
Chart GBP/JPY Update: Settled back from test of 216.00 figure
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Settled back from test of 216.00 figure to consolidate gains from the 212.40 June low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 220.00 | * | congestion | S1 | 214.50/00 | * | congestion | |
| R3 | 217.50 | * | wedge top | S2 | 213.00 | * | congestion | |
| R2 | 216.60 | ** | 30 Apr YTD high | S3 | 212.40 | ** | Jun low | |
| R1 | 215.50/00 | * | June high, congestion | S4 | 211.20 | ** | 18 May low |
Asterisk denotes strength of level
06:45 GMT - Settled back from test of 216.00 figure to consolidate gains from the 212.40 June low. Pullback see support starting at the 215.50/215.00 congestion with stretched daily studies suggesting scope for break here to open up room for retest of 213.00 support then the 212.40 low. Below the latter will see room for deeper pullback to retest 213.00 level then the strong support at 212.40 June low. Meanwhile resistance at the 215.50/216.00 area now expected to cap. Clearance needed to see further gains within the rising wedge pattern from February low.