FxWirePro: EUR/GBP trades below 200 day 4HMA, good to sell on rallies

• RES 4: 0.7270 (trend line resistance)
  
  
• RES 3 : 0.7225 (Jul 10^th high)
  
  
• RES 2: 0.7158 (50 % retracement of 0.7380 and 0.6929)
  
  
• RES 1: 0.7107(200 day 4 HMA)
  
  

      PRICE: 0.7072@ 11:40 GMT 

• SUP 1: 0.7060 (Kijun-Sen)
  
  
• SUP2: 0.6991 (Cloud Top)
  
  
• SUP 2: 0.6960 (Jul 22^nd low)
  
  
• SUP 3: 0.6928 (138.2% retracement of 0.70545 and 0.73879)
  
  

EUR/GBP has made a high of 0.71595 and is retreated from that level.. Overall trend is still bearish as long as resistance 0.7160  holds.

 The pair's major resistance is around 0.7160 and break above will extend gain till 0.7225/0.7270.

It is good to sell on rallies around 0.7100 with stop around 0.7160 for the TP of 0.6980.