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- RES 4: 0.7225 (Jul 10th high)
- RES 3: 0.7159 (Jul 27th high)
- RES 2 : 0.7091 ( Kijun-Sen)
- RES 1: 0.7065 (200 day 4 HEMA)
PRICE: 0.7046@ 12:00 GMT
- SUP 1: 0.7020 (Aug 18th low)
- SUP 2 : 0.6949 (Aug 5th low)
- SUP 3: 0.6925 (17th Jul low)
- SUP 4: 0.6841 (138.2% retracement of 0.6929 and 0.7159)
EUR/GBP has broken short term support 0.7060 and this confirms short term weakness a decline till 0.6949 is possible.
Overall trend is still weak as long as resistance 0.7160 holds.
On the higher side minor resistance is around 0.7100 and any break above would extend gains till 0.7160/0.7220.
It is good to sell on rallies around 0.7060 with SL 0.7105 for the TP of 0.7000/0.6949.
