Published: 2025-06-06T07:58:10.000Z
Chart EUR/GBP Update: Higher in range
Senior Technical Strategist
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Consolidation has given way to a test higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8547 | GBP/EUR 1.1700 | S1 | 0.8400/03 | * | congestion; GBP/EUR 1.1900 | ||
| R3 | 0.8500 | ** | congestion | S2 | 0.8350 | * | congestion | |
| R2 | 0.8475 | ** | GBP/EUR 1.1800 | S3 | 0.8333 | * | GBP/EUR 1.2000 | |
| R1 | 0.8450 | * | break level | S4 | 0.8315 | ** | 28 Mar (w) low |
Asterisk denotes strength of level
08:45 BST - Consolidation has given way to a test higher, with prices meeting selling interest just below resistance at 0.8450. Daily readings are mixed/positive, suggesting room for a fresh test higher. But a close above 0.8450 is needed to turn sentiment positive and open up a test of 0.8475, (GBP/EUR 1.1800). Still higher is congestion around 0.8500, but negative weekly charts are expected to limit any tests of here in renewed selling interest. Meanwhile, support remains at 0.8400/03 and should underpin any immediate setbacks.