Published: 2026-02-19T07:48:57.000Z
Chart GBP/JPY Update: Consolidating at 207.50 support
1
Steadied at the 207.50 congestion as prices consolidate losses from the 215.00, 4 February current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 215.00 | ** | 4 Feb YTD high | S1 | 207.50 | * | congestion | |
| R3 | 214.00/40 | * | congestion, 9 Feb high | S2 | 206.00 | * | congestion | |
| R2 | 212.00 | * | congestion | S3 | 205.30 | * | Oct high | |
| R1 | 210.00 | * | congestion | S4 | 204.00 | * | congestion |
Asterisk denotes strength of level
07:45 GMT - Steadied at the 207.50 congestion as prices consolidate losses from the 215.00, 4 February current year high. Bounce see prices unwinding oversold daily studies with resistance starting at 210.00 level. Higher will see room for stronger bounce to resistance at the 212.00 level which is expected to cap. Would take break here to return focus to the 214.00/40 resistance and 215.00, February current year high. Corrective bounce is expected to give way to renewed selling pressure later to retrace strong gains from the April 2025 year low.