Published: 2026-01-12T08:55:19.000Z
Chart EUR/GBP Update: Limited tests higher
1
Cautious trade is drifting higher, with prices currently trading around 0.8685
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8772 | * | GBP/EUR 1.1400 | S1 | 0.8670 | ** | October range lows | |
| R3 | 0.8750 | * | congestion | S2 | 0.8645 | * | 6 Jan YTD low | |
| R2 | 0.8720 | * | congestion | S3 | 0.8620 | * | GBP/EUR 1.1600 | |
| R1 | 0.8695/00 | * | GBP/EUR 1.1500; cong | S4 | 0.8610 | ** | 50% ret of May-Nov rally |
Asterisk denotes strength of level
08:50 GMT - Cautious trade is drifting higher, with prices currently trading around 0.8685. Daily stochastics continue to edge higher, highlighting room for a test of resistance at 0.8695, (GBP/EUR 1.1500), and congestion around 0.8700. But the flat daily Tension Indicator and bearish weekly charts are expected to limit any further break in renewed selling interest beneath congestion around 0.8720. Following cautious/corrective trade, fresh losses are looked for. However, a close below the 0.8645 weekly low of 6 January is needed to turn sentiment negative and extend November losses towards strong support within 0.8600/20.