The test of congestion resistance at 0.8200 is giving way to choppy trade
Level Comment Level CommentR40.8300**congestion S10.8150 congestionR30.8250*congestion S20.8125**5 November 2025 (m) highR20.8220**38.2% ret of 2025-2026 fall S30.8100*congestionR10.8200*congestion S40.8050 break level
Asterisk denotes strength of level
09:10 BST – The test of congestion resistance at 0.8200 is giving way to choppy trade, as intraday studies turn down, with prices currently balanced around 0.8190. Positive daily stochastics are showing early signs of flattening in overbought areas, suggesting room for a minor pullback in the coming sessions. Support is raised to congestion around 0.8150. But the positive daily Tension Indicator and bullish weekly charts should limit any break in renewed buying interest above the 0.8125 monthly high of 5 November and congestion around 0.8100. Following cautious/corrective trade, fresh gains are looked for. However, a close above the 0.8220 Fibonacci retracement is needed to improve sentiment and extend January gains towards 0.8250.