EUR/GBP immediate resistance at 7885/90 is the key to direction today but any shorts need stops above 7903. Today's outlook is more positive so be ready to go with a break higher using 7890 as support for a move towards strong resistance at 7917/20 & an excellent selling opportunity this week. Try shorts with stops above 7935.
Failure to beat resistance at 7885/90 however triggers profit-taking down to support at 7860/55. A good chance this will hold the downside so try longs with a stop below 7845. An unexpected break lower however targets 7825/20.