Chart EUR/GBP Update: Leaning lower

Asterisk denotes strength of level

08:45 GMT - Still little change, as prices extend consolidation above critical support at the 0.8259 current year low of 11 November and 0.8265, (GBP/EUR 1.2100). Negative intraday studies highlight potential for a test of this area. But already oversold daily stochastics are expected to limit any initial tests in consolidation, before the negative daily Tension Indicator and deteriorating weekly charts prompt a break. A later close beneath here will add weight to sentiment and extend September 2022 losses initially towards the 0.8249 monthly low of April 2022. Meanwhile, resistance remains at congestion around 0.8300. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath 0.8333, (GBP/EUR 1.2000).