Bullish Focus *RES 4: 0.9240....>

EURO-STERLING TECHS: Bullish Focus

*RES 4: 0.9240 - High Mar 26

*RES 3: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 2: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline

*RES 1: 0.9057 Double bottom projection

*PRICE: 0.8975 @ 09:39 BST Jun 1

*SUP 1: 0.8963 Low May 28.

*SUP 2: 0.8881 Low May 26

*SUP 3: 0.8833 50-day EMA

*SUP 4: 0.8826 Low May 14 and key near-term support

EURGBP bulls gained control once again last week resulting in a break of key

resistance at 0.8988, 38.2% of the March-April decline. This move higher

reinforces the underlying bullish theme following the recent May 15 break of

0.8865, Apr 7 high that confirmed a range breakout. Furthermore, the move

through 0.8864, Apr 21 high also confirmed a double bottom formation. The focus

is on 0.9086 next, a Fibonacci retracement. Initial support lies at 0.8963.