Published: 2026-07-02T07:38:20.000Z
Chart GBP/JPY Update: Retest 216.00/60 highs
1
Break above resistance at 215.50 has seen extension to tag the 216.00 figure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 220.00 | * | congestion | S1 | 214.50/00 | * | congestion | |
| R3 | 217.50 | * | wedge top | S2 | 213.00 | * | congestion | |
| R2 | 216.60 | ** | 30 Apr YTD high | S3 | 212.40 | ** | Jun low | |
| R1 | 216.00 | figure | S4 | 211.20 | ** | 18 May low |
Asterisk denotes strength of level
07:35 GMT - Break above resistance at 215.50 has seen extension to tag the 216.00 figure. Clearance will see room for extension to retest the 216.60 April current year high where reaction can be expected as daily stretched into overbought area. Break here, if seen, will extend gains within the rising wedge pattern from February low and see room to 217.50 wedge top. Meanwhile, support is raised to 214.50/214.00 congestion area. Below here will see room for deeper pullback to retest 213.00 level then the strong support at 212.40 June low.