Published: 2026-02-26T07:14:09.000Z
Chart GBP/JPY Update: Retest 212.00 resistance
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Rally above the 210.00 congestion has seen extension to retest resistance at 212.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 215.00 | ** | 4 Feb YTD high | S1 | 210.00 | * | congestion | |
| R3 | 214.00/40 | * | congestion, 9 Feb high | S2 | 208.00 | * | congestion | |
| R2 | 213.00 | * | congestion | S3 | 207.50 | ** | congestion | |
| R1 | 212.00 | * | congestion | S4 | 206.00 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - Rally above the 210.00 congestion has seen extension to retest resistance at 212.00 level. Clearance here will open up room for extension to the 213.00/214.00 area but overbought daily and weekly studies caution corrective pullback. The latter is expected to cap and lower high sought for pullback later with support now raised to 210.00 congestion. The latter should now underpin and see break here needed to return focus to the downside for retest of the 208.00 level and 207.50 congestion.