Published: 2026-04-28T07:34:09.000Z
Chart GBP/JPY Update: Pressure remains on the upside
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Settled back from test of the 216.00 level as prices unwind the stretched intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 220.00 | * | congestion | S1 | 215.00 | * | Feb high | |
| R3 | 219.30 | ** | Aug 2007 yr low | S2 | 214.00 | * | 17 Apr low | |
| R2 | 217.60 | ** | Jan 2008 yr high | S3 | 213.30 | ** | Mar high | |
| R1 | 216.00 | * | Jul 2008 high | S4 | 212.00 | * | congestion |
Asterisk denotes strength of level
07:30 GMT - Settled back from test of the 216.00 level as prices unwind the stretched intraday studies. However, pressure remains on the upside and further gains within the bullish channel from the April 2025 year cannot be ruled out. Higher will see room for extension to resistance at 217.60, January 2008 year high. However, overbought daily and weekly studies caution corrective pullback with support raised to the 215.00/214.00, congestion area and 17 April low. Would take break here to ease the upside pressure and see room for deeper pullback to retrace gains from 207.50 February current year low.