Published: 2026-04-30T06:44:57.000Z
Chart GBP/JPY Update: Extending gains to fresh year high
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Break above 216.00 see prices extending strong gains within the bullish channel from the April 2025 year low
| 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 | 216.40 | intraday high | S4 | 212.00 | * | congestion |
Asterisk denotes strength of level
06:45 GMT - Extending bounce from the 214.00 low of last week and break above 216.00 see prices extending strong gains within the bullish channel from the April 2025 year low. Higher will see room for extension to resistance at 217.60, January 2008 year high. Overbought daily and weekly studies caution corrective pullback with support raised to the 215.00/214.00 congestion area and 17 April low which should underpin. 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.