FxWirePro: EUR/GBP holds above daily cloud after gap-up open, good to go long with a target 0.7925

• EUR/GBP has broken range trade along trendline support. Price action has edged above the daily cloud.
   
• The pair opened with a gap-up after surging past 0.7800 handle on Friday and is holding above 5&10 DMAs. Techs indicate further upside.
   
• Stochs show a bullish rollover from oversold territory, RSI has bounced off from near 30 levels and is at 47 with further room to run. MACD line is on the verge of a bullish crossover on signal line. 
   
• Downside sees strong support at 0.7800 mark, which has now been decisively conquered and would be difficult to break through.
   
• Immediate resistance is found at 0.7875 levels, breaks above opens room for a test of 0.7920-25 resistance.
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Recommendation: Good to go long on dips around 0.7830/35, SL: 0.7790, TP: 0.7875/0.79/0.7925