Published: 2026-01-15T06:54:41.000Z
Chart GBP/JPY Update: Settled back in consolidation from 214.30 high
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Limited on break of the 214.00 level as prices gave way to selling pressure at the 214.30 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 219.40 | * | 76.4% 2007/2011 fall | S1 | 211.60 | ** | 22 Dec high | |
| R3 | 217.30 | * | 8 Jan 2008 high | S2 | 210.00 | * | congestion | |
| R2 | 216.00 | ** | Jul 2008 high | S3 | 209.00 | ** | 9 Dec high | |
| R1 | 214.00/30 | ** | congestion, 13 Jan YTD high | S4 | 208.10 | ** | congestion, 2024 year high |
Asterisk denotes strength of level
07:50 GMT - Limited on break of the 214.00 level as prices gave way to selling pressure at the 214.30 high to unwind overbought intraday studies. Daily and weekly studies are stretched as well and caution deeper pullback to retrace strong gains from the 199.00 low of November. Meanwhile, support is raised to the 212.00/211.60 congestion area and late-December high. Break here will open up room for deeper correction to support at 210.00 and the 209.00/208.10, 9 December high and 2024 year high.