EUR/GBP forms cup and handle pattern, jump till 0.7220 is possible

• RES 4: 0.7290 (161.8% retracement of 0.6949 and 0.7160)
  
  
• RES 3 : 0.7225 (Jul 10^th high)
  
  
• RES 2: 0.7159 (Jul 27^th high)
  
  
• RES 1: 0.7137 (7 day 4 HEMA)
  
  

      PRICE: 0.7143@ 12:07 GMT 

• SUP 1: 0.7100 (Kijun-Sen)
  
  
• SUP 2: 0.7065 (200 day 4 HMA)
  
  
• SUP 3: 0.7010 (Cloud top)
  
  
• SUP 4 : 0.6949 (Aug 5^th low)
  
  

Chart Pattern: Cup and handle

EUR/GBP has made a high of 0.7169 and slightly declined from that level. It is currently trading at 0.7135.

Overall trend is still bullish as long as support 0.7060 holds.

Any break below 0.7060 confirms short term weakness, a decline till 0.7000 is possible.

On the higher side minor resistance is around 0.7160 and any break above would extend gains till 0.7225/0.7290.

It is good to buy at dips around 0.7100 with SL 0.7060 for the TP of 0.7170/0.7225