FxWirePro: EUR/GBP faces strong resistance around 0.7220, good to sell on rallies

• 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: 0.7125 (7 day 4 HEMA)
  
  

      PRICE: 0.7111@ 12:25 GMT 

• SUP 1: 0.7100 (20 day 4 H EMA)
  
  
  
• SUP 2: 0.7065 (200 day 4 HMA)
  
  
  
• SUP 3: 0.7010 (Cloud top)
  
  
  
• SUP 4 : 0.6949 (Aug 5^th low)
  
  

EUR/GBP has recovered till 0.7170 and started to retreat from that level. It is facing strong resistance around 0.7220 and any further bullishness can be seen only above that level.

The pair's major resistance is around 0.7170 and break above will extend gain till 0.7220/0.7290

It is good to sell on rallies around 0.7160-70 with SL around 0.7220 for the TP of 0.7065/0.7000.