Published: 2026-01-26T07:41:34.000Z
Chart EUR/GBP Update: Under pressure, .8645 support at risk
3
Rejection below strong resistance at .8750 last week and subsequent break of the .8700 level return focus to the downside
| 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
07:30 GMT - Rejection below strong resistance at .8750 last week and subsequent break of the .8700 level return focus to the downside. Pullback see scope for retest of support at the .8650/45 congestion and the 200-day MA. Negative daily studies highlight risk for break here to further extend the broader losses from the November high and see room to support at .8620/00, 38.2% Fibonacci level and congestion. Meanwhile, resistance is lowered to the .8700 level and this now expected to cap and sustain rejection from below the .8750 resistance.