EUR/GBP is consolidating phase, good to buy at dips

• RES4: 0.7420

• RES 3: 0.7380 (Apr 3^rd High)

• RES 2: 0.7270 (200 day HMA)
  
  
• RES 1: 0.7240 (200 day H EMA)
  
  

      PRICE: 0.72215 @10:51 GMT 

• SUP1: 0.7180 (Cloud bottom)
  
  
• SUP2: 0.7165 (61.8% retracement of 0.7121 and 0.7243)
  
  
• SUP 2:0.7115 (23^rd Apr low)
  
  
• Sup 3: 0.7010 (Mar 11^th low)
  
  

EUR/GBP has recovered after forming a double bottom around 0.7120 and is now consolidating around 0.7200-722.

Intraday trend is bullish as long as support 0.7180 holds.

 The minor support is around 0.7160 and break below will target 0.7085/0.7015.

Indicator (1 hour chart)

CCI (50) - Buy

CCI (14) -Sell

Ichimoku-Neutral

It is good to buy around 0.7200 for the target of 0.7270 with stop around 0.7160.