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Sterling Stability: GBPJPY Coils for a Breakout Near 216.00 
EUR/GBP trades largely range-bound on the day, with the day's high at 0.7821 and lows at 0.7802.
- Pair is holding just above the 0.7800 handle, which is key support, breaks below could see downside to 0.77 levels.
- On the upside, 0.7819 is immediate resistance which is 5-DMA and Feb 10th highs, next resistance lies at 0.7845 (Feb 17th highs).
- Technicals indicate further downside in the pair, with daily Stochs and RSI pointing south.
- Market now await PMIs from UK and the euro area due ahead in the European session for further direction in the pair.
