FxWirePro: EUR/GBP struggles at 0.79 handle after gap-up open, go long on break above

• Pound sold-off as latest 'Brexit' polls suggests rising possibilities of the UK voting to leave the EU on June 23 EU referendum.
   
• EUR/GBP saw a gap up open and extended upside to hit session highs a four-week high of 0.7905.
   
• Pair was however rejected at highs, slips below 0.79 handle to currently trade around 0.7886 levels.
   
• Momentum studies are bullish, RSI, Stochastics and MACD indicate upside.
   
• 0.7906 is stiff resistance which is 61.8% Fib retrace of 0.8117 (Apr 7th high) to 0.7565 (May 25th low).
   
• Break above finds next hurdles at 0.7927 (weekly 200 MA), 0.7947 (double top May 4th and Apr 24th) and then 0.80 (78.6% Fib).
   
• On the downside, pair remains well supported above 50-DMA 0.7845 and 50% Fib at 0.7840.
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Recommendation: Go long on decisive break above 0.79, SL: 0.7840, TP: 0.7945/0.80