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Below Gbp0.8690 Targets.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Below Gbp0.8690 Targets Channel base
*RES 4: Gbp0.8897 Daily Bear channel top 
*RES 3: Gbp0.8870 55-DMA 
*RES 2: Gbp0.8835 21-DMA 
*RES 1: Gbp0.8781 Hourly resistance Dec 14
*PRICE: Gbp0.8767 @ 0530GMT
*SUP 1: Gbp0.8736 Hourly resistance Dec 8 now support 
*SUP 2: Gbp0.8724 Bollinger band base 
*SUP 3: Gbp0.8690 Low Dec 8 
*SUP 4: Gbp0.8599 Low May 24
*COMMENTARY: Topside failures ahead of the 21-DMA have taken their toll with the
pair looking heavy once more. Bears look for a close below Gbp0.8690 6mth lows
to reconfirm a bearish bias and focus on tests of the bear channel base coming
in around Gbp0.8430. Layers of resistance are weighing with bulls needing a
close above the bear channel top to hint at a shift higher in focus with above
the 100-DMA (Gbp0.8944) to confirm and above Gbp0.9107 to target 2017 highs.

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