Bearish Focus Remains Intact....>

EURO-STERLING TECHS: Bearish Focus Remains Intact

*RES 4: 0.8997 Low Mar 20 and former breakout level

*RES 3: 0.8911 High Apr 1

*RES 2: 0.8865 High Apr 7 and key near-term resistance

*RES 1: 0.8796 High Apr 13

*PRICE: 0.8737 @ 10:35 BST Apr 15

*SUP 1: 0.8682 Low Apr 14

*SUP 2: 0.8657 Low Mar 9

*SUP 3: 0.8621 Low Mar 5 and a key support

*SUP 4: 0.870 76.4% retracement of the Fen 18 - Mar 19 rally

EURGBP maintains a bearish theme. It was reinforced Monday following the breach

of 0.8725, Apr 9 low. The move lower also confirmed a clear break of the key

0.8748 Fibonacci retracement, 61.8% of the Feb 18 - Mar 19 rally. With the

downtrend that started off the Mar 19 high resuming, the focus shifts to an

objective at 0.8621 next, Mar 5 low. Key resistance has been defined at 0.8865,

Apr 7 high. Initial resistance is at 0.8796, high Apr 13.