Published: 2025-06-11T08:02:59.000Z
Chart EUR/GBP Update: Extending gains
Senior Technical Strategist
2
Cautious trade is giving way to fresh tests higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8600 | ** | congestion | S1 | 0.8450 | * | break level | |
| R3 | 0.8547 | GBP/EUR 1.1700 | S2 | 0.8400/03 | * | congestion; GBP/EUR 1.1900 | ||
| R2 | 0.8500 | ** | congestion | S3 | 0.8350 | * | congestion | |
| R1 | 0.8475 | ** | GBP/EUR 1.1800 | S4 | 0.8333 | * | GBP/EUR 1.2000 |
Asterisk denotes strength of level
08:50 BST - Cautious trade is giving way to fresh tests higher, as intraday studies remain positive, with focus turning to resistance at 0.8475, (GBP/EUR 1.1800). Rising daily readings highlight room for continuation towards congestion around 0.8500. But negative weekly charts are expected to limit any initial tests in consolidation. Meanwhile, support remains at 0.8450. A close back beneath here, if seen, would turn sentiment neutral once again and prompt fresh consolidation above support at 0.8400/03.