Published: 2026-01-20T11:50:33.000Z
Chart EUR/GBP Update: Sharp break higher
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The anticipated break above 0.8695/00 is approaching congestion resistance at 0.8720
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8800 | ** | congestion | S1 | 0.8695/00 | * | GBP/EUR 1.1500; cong | |
| R3 | 0.8772 | * | GBP/EUR 1.1500 | S2 | 0.8670 | ** | congestion | |
| R2 | 0.8750 | * | congestion | S3 | 0.8645 | * | 6 Jan YTD low | |
| R1 | 0.8720 | * | congestion | S4 | 0.8620 | * | GBP/EUR 1.1600 |
Asterisk denotes strength of level
11:20 GMT - The anticipated break above 0.8695/00 is approaching congestion resistance at 0.8720. Rising intraday studies and positive daily readings highlight room for a break above here. Focus will then turn to congestion around 0.8750, but mixed weekly charts are expected to limit any tests in renewed selling interest/consolidation. Meanwhile, a close back below support at 0.8695, (GBP/EUR 1.1500), and congestion around 0.8700 will turn sentiment neutral once again and give way to consolidation above congestion around 0.8670.