We prefer to go EUR/GBP long

FX:EURGBP   Euro / British Pound
94 0
Short term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.7914
Kijun-Sen level: 0.7875
Ichimoku cloud top: 0.7832
Ichimoku cloud bottom: 0.7850

EUR/GBP has broken major resistance 0.7946 ( 61.8% retracement of 0.8045 and 0.778) and jump till 0.8045 (Oct 15th high) cannot be ruled out .
Short term trend is bullish as long as support 0.7870 holds. On the down side break below 0.7870 will target 0.7838 and 0.7780.
Minor support is around 0.7900.
It is good to buy around 0.7943 for the target of 0.8045.

Recommendation: Buy EUR/GBP around 0.7943, SL 0.7900, Target 0.8045.
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