Published: 2026-05-20T06:47:21.000Z
Chart GBP/JPY Update: Extend choppy trade above 210.40 low
-
Extending choppy trade from the 210.40 low as prices consolidate pullback from the 216.60 April current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 216.60 | ** | 30 Apr YTD high | S1 | 211.20 | * | 18 May low | |
| R3 | 216.00 | * | congestion | S2 | 210.40 | ** | 30 Apr low | |
| R2 | 215.00 | * | Feb high, congestion | S3 | 210.00 | * | congestion | |
| R1 | 214.00 | * | congestion | S4 | 209.60/00 | * | Jan low, congestion |
Asterisk denotes strength of level
06:40 GMT - Extending choppy trade from the 210.40 low as prices consolidate pullback from the 216.60 April current year high. Consolidation is expected to give way to renewed selling pressure to retest the 211.20 and 210.40, 18 May and 30 April lows. Break of these will further extend losses from the 216.60 high and see room to 210.00 and 209.60/00 congestion. Lower still, will see potential for retest of the 208.00 congestion and 207.50, February current year low. Meanwhile, resistance at the 214.00 congestion is expected to cap and sustain losses from the April current year high.