Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
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- RES 4: 0.7925 (61.8% retracement of 0.7482 and 0.6986)
- RES 3: 0.7250 (Jun 16th high)
- RES 2: 0.7210 (Jun 22nd high)
- RES 1: 0.7171(200 day 4HMA)
PRICE: 0.7183@ 12:46 GMT
- SUP 1: 0.7131 (7 day 4 H EMA)
- SUP 2: 0.7101 (20 day 4 HMA)
- SUP 3: 0.7050 (May 26th low)
- SUP 4: 0.700
EUR/GBP has broken channel resistance, a jump till 0.7248 is possible. The pair is bullish as long as support 0.7100 holds.
The pair's minor support is around 0.7130 and break below will drag the pair further down till 0.7100/0.7050.
It is good buy at dips around 0.7150 with stop around 0.7100 for the target of 0.7250.
