Published: 2026-01-28T07:02:09.000Z
Chart EUR/GBP Update: Range-bound within .8750/.8650 area
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Little change, as prices holds steady in range above the .8658 Friday's low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8840 | 20 Nov high | S1 | 0.8645 | ** | 6 Jan YTD low, 200-day MA | ||
| R3 | 0.8800 | ** | congestion | S2 | 0.8620 | * | 38.2% Dec 2024/Nov rally | |
| R2 | 0.8750 | ** | Jul/Sep highs | S3 | 0.8600 | * | congestion | |
| R1 | 0.8700 | * | congestion | S4 | 0.8550/45 | * | congestion, 50% |
Asterisk denotes strength of level
07:00 GMT - Little change, as prices holds steady in range above the .8658 Friday's low following rejection from the .8750 resistance. Negative daily studies suggest consolidation giving way to renewed selling pressure later to pressure support at the .8650/45 congestion and the 200-day MA. Break here will extend the broader losses from the November high and see room for extension to support at .8620/00, 38.2% Fibonacci level and congestion. Meanwhile, resistance at the .8700 level is expected to cap and sustain rejection from the .8750 resistance.