Published: 2025-06-02T08:06:27.000Z
Chart EUR/GBP Update: Edging higher
Senior Technical Strategist
2
Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8547 | GBP/EUR 1.1700 | S1 | 0.8400/03 | * | congestion; GBP/EUR 1.1900 | ||
| R3 | 0.8500 | ** | congestion | S2 | 0.8350 | * | congestion | |
| R2 | 0.8475 | ** | GBP/EUR 1.1800 | S3 | 0.8333 | * | GBP/EUR 1.2000 | |
| R1 | 0.8450 | * | break level | S4 | 0.8315 | ** | 28 Mar (w) low |
Asterisk denotes strength of level
08:50 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around 0.8430. Rising daily readings highlight room for a push towards resistance at 0.8450. But negative weekly charts should limit any break in renewed selling interest beneath 0.8475, (GBP/EUR 1.1800). Meanwhile, support remains at congestion around 0.8400 and 0.8403, (GBP/EUR 1.1900). A later break beneath here will add weight to sentiment and open up congestion around 0.8350.