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  • EUR/GBP is osciliating around the 10-D SMA with the price holding abovethe bearish triangle’s resistance.
  • Dips are bought at the rising  21-D SMA while RSI points to a period of consolidation on the daily sticks.  

Spot rate:                    0.8840
High:                           0.8843
Low:                            0.8838

Trend:                        Bullish while above bearish triangle resistance.  
 
Resistance 1:             0.8880
Resistance 2:             0.8943 (5th May tops).          
Resistance 3:             The 0.9034 October 2017 high on the wide is a key upside.

       
Support 1:                  0.8847 (10-D SMA)          
Support 2:                  0.8813 (21-D SMA)  
Support 3:                  0.8620 protects  a run towards 0.8526 as being  the 78.6% retracement of the move from 2017 on the wide.