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- RES 4: 0.7380 (Support turned into resistance)
- RES 3: 0.7318 (61.8% retracement of 0.7482 and 0.70545)
- RES 2: 0.7282 (May 18th high)
- RES 1: 0.7232 (May 19th high)
PRICE: 0.7243 @11:21 GMT
- SUP1 : 0.720 (200 day 4HMA)
- SUP2 : 0.7165 (20 day 4HMA)
- SUP 3: 0.7125 (55 day 4H EMA)
- SUP: 0.7060 (61.8% projection of 0.74820 to 0.71217 from 0.72822)
EUR/GBP has broken major resistance 0.7240 and this confirms short term bullishness, a jump till 0.7280/0.7320 cannot be ruled out
The Pair's minor support is around 0.7196 and break below will drag the pair further down till 0.7165/0.7125..
It is good to buy at dips around 0.7235 with stop around 0.7195 for the target of 0.7280/0.7320.
