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- RES4: 0.7480 (May 7th High)
- RES 3: 0.7380 (Support turned into resistance)
- RES 2 0.7318 (61.8% retracement of 0.7482 and 0.70545)
- RES 1: 0.7282 (May 18th high)
PRICE: 0.7271 @12:01 GMT
- SUP1 : 0.7250 (7 day 4H EMA)
- SUP2: 0.7200 (200 day 4 HMA)
- SUP 3: 0.7141(55 day 4 H EMA)
- SUP: 0.7060 (61.8% projection of 0.74820 to 0.71217 from 0.72822)
EUR/GBP has broken major resistance 0.7240 and made a high of 0.7300. Overall trend is bullish as lon gas support 0.7200 holds.
The Pair's minor support is around 0.7250 and break below will drag the pair further down till 0.7200/0.7140..
It is good to buy at dips around 0.7235 with stop around 0.7195 for the target of 0.7280/0.7320.
