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Above Gbp0.8924 To Shift........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Above Gbp0.8924 To Shift Focus Higher
*RES 4: Gbp0.9013 Monthly High Nov 15 
*RES 3: Gbp0.8981 High Nov 28 
*RES 2: Gbp0.8924 High Jan 4 
*RES 1: Gbp0.8919 Bollinger band top
*PRICE: Gbp0.8892 @ 0530GMT
*SUP 1: Gbp0.8873 High Jan 10 now support 
*SUP 2: Gbp0.8838 Hourly support Jan 10 
*SUP 3: Gbp0.8790 Low Dec 18 
*SUP 4: Gbp0.8780 Hourly support Dec 15
*COMMENTARY: Hesitation around the 100-DMA (Gbp0.8899) continues with bulls
needing a close above Gbp0.8924 to confirm a break and shift initial focus to
Gbp0.8981-0.9048. daily studies are well placed for gains although the Bollinger
band top may limit follow through. Bears now need a close below Gbp0.8873 to
ease pressure on resistance layers and below Gbp0.8790 to confirm focus on tests
of Gbp0.8690 Dec lows.

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