Published: 2025-10-28T09:08:21.000Z
Chart EUR/GBP Update: Fresh year high in GBP-driven trade
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Anticipated gains have spiked higher in GBP-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8850 | * | GBP/EUR 1.1300 | S1 | 0.8740 | intraday break level | ||
| R3 | 0.8800 | * | figure | S2 | 0.8720 | congestion | ||
| R2 | 0.8772 | * | GBP/EUR 1.1400 | S3 | 0.8695/00 | ** | GBP/EUR 1.1500; cong | |
| R1 | 0.8765 | ** | November 2023 high | S4 | 0.8670 | recent range lows |
Asterisk denotes strength of level
08:40 GMT - Anticipated gains have spiked higher in GBP-driven trade, with prices currently balanced beneath the 0.8765 fresh year high. Overbought daily stochastics are flattening, suggesting potential for further consolidation around here. But the daily Tension Indicator is rising and broader weekly charts are showing signs of improvement, highlighting room for further strength in the coming sessions. A break above 0.8765 will open up 0.8772, (GBP/EUR 1.1400), with continuation beyond here extending December 2024 gains towards 0.8800. Meanwhile, support is raised to 0.8720/40, and should underpin any immediate setbacks.