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EUR/GBP is in consolidation phase, trend reversal only above 0.7239

  • RES4: 0.7300
  • RES 3: 0.72793 (61.8% retracement of 0.7379 and 0.7112)

  • RES 2: 0.7239 (200 day 4HMA)
  • RES 1: 0.7210 (Apr 23rd high)

      PRICE: 0.7160 @11:54 GMT 

  • SUP 1: 0.7150 (61.8% retracement of 0.70130 and 0.7385)
  • SUP 2: 0.7082 (Mar 15th low)

  • SUP 3:0.7000

  • Sup 4: 0.6700

EUR/GBP is trading in narrow range between 0.7130 and 0.7170. Intraday bullishness can be seen only above 0.7239. 

It is good to sell on rallies around 0.7190 for the target of 0.7080 with stop around 0.7239.

 

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