Published: 2025-09-09T12:46:38.000Z
Chartbook: Chart EUR/GBP: Balanced beneath 2025 year highs - studies improving

Senior Technical Strategist
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The anticipated test higher has once again met expected selling interest within congestion around 0.8700 and the 0.8765 monthly high of November 2023
The anticipated test higher has once again met expected selling interest within congestion around 0.8700 and the 0.8765 monthly high of November 2023,
with prices currently balanced around 0.8650.
Rising monthly stochastics are flattening in overbought areas, suggesting potential for further consolidation into early Q4.
But the monthly Tension Indicator continues to rise, and longer-term charts are also positive,
pointing to a later break and continuation of December 2024 gains towards strong resistance at congestion around 0.9000 and 0.9090, (GBP/EUR 1.2000).
Meanwhile, support is at congestion around 0.8600.
A close beneath here, if seen, would add weight to sentiment and confirm a near-term top in place at the 0.8752 current year high of 28 July.
Increased selling interest would then put focus on further congestion around 0.8500 and 0.8475, (GBP/EUR 1.1800).
However, rising monthly and longer-term studies should limit any deeper losses in renewed buying interest/consolidation above the 0.8354 monthly low of 29 May and 0.8400/03.