Bearish Focus Intact *RES 4:....>

EURO-STERLING TECHS: Bearish Focus Intact

*RES 4: 0.8605 High Nov 22

*RES 3: 0.8596 High Jan 14 and bull trigger

*RES 2: 0.8554 High Jan 20

*RES 1: 0.8501 High Jan 22

*PRICE: 0.8418 @ 05:50 GMT Jan 31

*SUP 1: 0.8389 Low Jan 24

*SUP 2: 0.8356 Low Dec 17

*SUP 3: 0.8352 76.4% retracement of the Dec 13 - Jan 14 rally

*SUP 4: 0.8277 Low Dec 13 and key support

EURGBP traded lower Thursday and maintains a bearish outlook thanks to the BoE

decision. Key support at 0.8452, Dec 31 low was breached last week confirming a

range breakout. The cross probed 61.8% of the Dec - Jan rally at 0.8399 on Jan

24. Together, this highlights a bearish theme. Attention is on 0.8356, Dec 17

low and the key support at 0.8277, Dec 13 low. Initial resistance is at 0.8501.