Eur/gbp Faces Strong Resistance Around 0.7100, Break Above Targets 0.7220

• RES 1 : 0.7225 (Jul 10^th high)
• RES 2: 0.7159 (Jul 27^th high)
• RES 3 :0.7100 (31^st Jul high)
• RES 4: 0.7065 (200 day 4 HMA)

      PRICE: 0.7093@ 12:25 GMT 

• SUP 1: 0.7052 (20 day 4 H EMA)
• SUP 2: 0.7025 (Cloud top)
• SUP 2 : 0.6949 (Aug 5^th low)
• SUP 3: 0.6928 (138.2% retracement of 0.70545 and 0.73879)

EUR/GBP has recovered till 0.7098 after making a low of 0.6950 trend is still bullish as long as support 0.6950 holds.

The pair’s major resistance is around 0.7065 and break above will extend gain till 0.7100/0.7159

  It is good to buy around 0.7090 with SL around 0.7050 for the TP of 0.7159/0.7225.

The material has been provided by InstaForex Company – www.instaforex.com