Published: 2025-05-20T06:53:24.000Z
Chart EUR/GBP Update: Consolidating at .8400/.8385 support
Technical Analyst
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Little change, as prices consolidate test of strong support at the .8400/.8385, June/July lows
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8520 | ** | 16 Apr low | S1 | 0.8400 | * | Jun low | |
| R3 | 0.8500 | * | congestion | S2 | 0.8385 | * | Jul low | |
| R2 | 0.8475 | ** | congestion, Jan high | S3 | 0.8350 | * | congestion | |
| R1 | 0.8450 | * | break level | S4 | 0.8315 | ** | 28 Mar low |
Asterisk denotes strength of level
06:50 GMT - Little change, as prices consolidate test of strong support at the .8400/.8385, June/July lows. Prices are unwinding oversold intraday and daily studies but the bounce likely to remain limited towards strong resistance at the .8450/.8475, congestion and January high, which is expected to cap. Would take break here to ease the downside pressure and open up room for stronger bounce to .8500/20 congestion area. Meanwhile, break of the .8400/.8385 lows will extend loses from the April high towards the .8350 congestion then .8315 low of 28 March.