EUR/GBP largely rangebound on the day after after hitting yearly highs of 0.7897 on Thursday.
- Weekly charts show further upside for the pair, tests of 0.8065 levels look likely.
- Price action is well above the cloud and 200-DMA and momentum studies are bullish.
- Immediate support is seen at 0.7792 (5-DMA) and then at 0.7713 (Feb 10th lows). Weakness only on breaks below 10-DMA at 0.7705.
- Markets focus on German GDP and inflation data due ahead in the European session for further clues on direction.
