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EUR/GBP is consolidation phase, further weakness can be seen below 0.7150

  • RES 4: 0.7305 (61.8% retracement of 0.7379 and 0.71806)
  • RES 3: 0.7270 (200 day HMA)
  • RES 2: 0.7235 (Apr 14th High)
  • RES 1: 0.7201 (20 day HMA)

      PRICE: 0.7188 @12:23 GMT 

  • SUP 1: 0.7150 (61.8% retracement of 0.70130 and 0.7385)
  • SUP 2: 0.7082 (Mar 15th low)

  • SUP 3:0.7000

  • Sup 4: 0.6700

EUR/GBP is trading between0.7160 and 0.7235 for the past five trading session. Short term trend is bearish as long as resistance 0.7250 holds.

It is good to sell around 0.7190 for the target of 0.7005 with stop around 0.7255.

 

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