Key resistance at 0.8510/11 area

The EURGBP is trading to new session highs with the 0.8510/11 level being tested. That level corresponds with swing low/swing highs from April 6th, 12th and 18th. KEY LEVEL.

A move above is more bullish and could see the pair targeting the 100 day MA and the 50% retracement which both come in at 0.8548 (key target). If the level holds, (and we could see sellers with stops above), and the next move back below the 100 bar MA on the 4-hour chart at 0.8487 should see further selling.

Key test.