EUR/GBP is consolidating between 0.7140 and 0.7280, good to sell on rallies

• RES 3: 0.7380 (Apr 3^rd High)
  
  
• RES3:0.7345 (61.8% retracement of 0.74820 and 0.71217)
  
  
• RES2:0.72820 (May 18^th high)

• RES 2: 0.7240 (200 day HMA)
  
  

      PRICE: 0.722 @12:16 GMT 

• SUP1:0.7205 (50% retracement of 0.7121 and 0.7284)
  
  
• SUP2: 0.7165 (61.8% retracement of 0.7121 and 0.7243)
  
  
• SUP 3:0.7115 (23^rd Apr low)
  
  
• SUP4:0.7080

EUR/GBP has retreated till 0.7149 after making a high of 0.72815. It is currently trading at 0.72160. Overall trend is bearish as long as resistance 0.7285 holds.

Intraday resistance is around 0.7240.

 The minor support is around 0.7200 and break below will target 0.7160/0.7115.

Indicator (1 hour chart)

CCI (50) - Sell

CCI (14) -Buy

Ichimoku-Buy

It is good to sell on rallies around 0.7240 for the target of 0.7160 with stop around 0.7285.