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Bears Focused On Gbp0.8645-85...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bears Focused On Gbp0.8645-85
*RES 4: Gbp0.8834 55-DMA 
*RES 3: Gbp0.8807 Low Mar 16 
*RES 2: Gbp0.8758 High Mar 21 
*RES 1: Gbp0.8741 Low Mar 20 now resistance
*PRICE: Gbp0.8730 @ 0530GMT
*SUP 1: Gbp0.8703 Low Mar 21 
*SUP 2: Gbp0.8685 2018 Low Jan 25 
*SUP 3: Gbp0.8645 100-WMA 
*SUP 4: Gbp0.8599 Low May 24 2017
*COMMENTARY: The sell-off from 2018 highs continues with immediate focus on 2018
lows although O/S daily studies and the Bollinger band base (Gbp0.8718) are
concerns for bears. Initial resistance is noted at Gbp0.8741 but bulls look for
a close above Gbp0.8758 to ease bearish pressure and target a correction back to
Gbp0.8807-34. Bears look for a close below the 100-WMA to target
Gbp0.8495-0.8535. A close below the 100-WMA was last seen in Jan 2016.