Published: 2025-09-23T08:02:31.000Z
Chart EUR/GBP Update: Retest .8737/.8752, April/July highs
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Extending gains from the August low and break above the .8700 level has seen retest of the .8737, April high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8800 | * | figure, congestion | S1 | 0.8700 | * | congestion | |
| R3 | 0.8765 | ** | November 2023 high | S2 | 0.8650 | * | congestion | |
| R2 | 0.8752 | ** | 28 Jul YTD high | S3 | 0.8632 | * | 15 Sep low | |
| R1 | 0.8737 | * | Apr high | S4 | 0.8600 | ** | congestion, Aug low |
Asterisk denotes strength of level
07:50 GMT - Extending gains from the August low and break above the .8700 level has seen retest of the .8737, April high. Break here will expose the 28 July current year high at .8752 to retest and where reaction can be expected. However, a later break here cannot be ruled out to further retrace the 2022/2024 losses. Meanwhile, support is raised to .8700/.8688 area which should underpin. Below this will ease the upside pressure and see room for deeper pullback in consolidation to support at the .8650/.8632 congestion and 15 Sep low.