Fxwirepro: Eur/gbp Trades Above 200 Day 4hma , Jump Till 0.7250 Likely

• RES 4: 0.7925 (61.8% retracement of 0.7482 and 0.6986)
• RES 3: 0.7250 (Jun 16^th high)
• RES 2: 0.7210 (Jun 22^nd high)

• RES 1: 0.7178(200 day 4HMA)

      PRICE: 0.7178@ 11:48 GMT 

• SUP 1: 0.7131 (7 day 4 H EMA)
• SUP 2: 0.7101 (20 day 4 HMA)
• SUP 3: 0.7050 (May 26^th low)
• SUP 4: 0.700

EUR/GBP has broken channel resistance, a jump till 0.7248 is possible. The pair is bullish as long as support 0.7100 holds.

 The pair’s minor support is around 0.7130 and break below will drag the pair further down till 0.7100/0.7050.

It is good buy at dips around 0.7150 with stop around 0.7100 for the target of 0.7250.

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