- RES 4: 0.7480 (May 5th 2015)
- RES 3: 0.7450 (Oct 2nd 2015)
- RES 2: 0.7420 (Cloud top)
- RES 1 :0.7340(200 day 4HMA)
PRICE: 0.7311 @ 11:19 GMT
- SUP 1: 0.7300 (Sep 25th 2015)
- SUP 2: 0.7240
- SUP 3: 0.7195 (Sep 22nd low)
- SUP 4: 0.7150 (61.8% retracement of 0.6950 and 0.7490)
EUR/GBP has made a high of 0.7375 and has started to retreat from this level . Overall trend is still weak as long as resistance 0.7425 holds
The pair’s major support is around 0.7300 and any break below 0.7300 will target 0.7240/0.7195
On the higher side minor resistance is around 0.7380 and any break above would extend gains till 0.7425/0.7450.
It is good to sell on rallies around 0.7340 with SL around 0.7380 for the TP of 0.7240
The material has been provided by InstaForex Company – www.instaforex.com