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Bulls Need Close Above..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above Gbp0.8796
*RES 4: Gbp0.8884 Daily Bear channel top 
*RES 3: Gbp0.8861 100-DMA 
*RES 2: Gbp0.8845 200-DMA 
*RES 1: Gbp0.8796 High Jan 23
*PRICE: Gbp0.8758 @ 0530GMT
*SUP 1: Gbp0.8719 Hourly support Jan 25 
*SUP 2: Gbp0.8685 2018 Low Jan 25 
*SUP 3: Gbp0.8649 Low May 8 
*SUP 4: Gbp0.8599 Low May 24
*COMMENTARY: Fresh 2018 & 8mth lows lacked follow through Thursday with the
Bollinger band base noted at Gbp0.8727. Bulls now need a close above Gbp0.8796
to ease bearish pressure and see a correction back to Gbp0.8845-84 where the
bear channel top and key DMAs are situated. Correcting O/S daily studies
increase the risk of a correction. While Gbp0.8796 caps bears retain immediate
focus on Gbp0.8599-0.8649.

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