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

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above Gbp0.8928
*RES 4: Gbp0.8981 High Nov 28 
*RES 3: Gbp0.8928 High Jan 12 
*RES 2: Gbp0.8921 Bollinger band top 
*RES 1: Gbp0.8909 High Feb 6
*PRICE: Gbp0.8870 @ 0530GMT
*SUP 1: Gbp0.8849 Hourly support Feb 5 
*SUP 2: Gbp0.8815 21-DMA 
*SUP 3: Gbp0.8776 Hourly resistance Feb 2 now support 
*SUP 4: Gbp0.8714 Low Feb 1
*COMMENTARY: Topside follow through was lacking Tuesday on the break of the bear
channel top. Bulls now look for a close above Gbp0.8928 to end bearish hopes and
initially target Gbp0.9048. The Bollinger top is the key concern for bulls with
potential to limit follow through. Bears now need a close below the 21-DMA to
ease bullish pressure and below Gbp0.8776 to shift initial focus back to 2018
lows.

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