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EURGBP encounters fresh pressure to........>

STERLING
STERLING: EURGBP encounters fresh pressure to Gbp0.8765, before meeting support
from the 10-dma (Gbp0.8764). The move allowed GBPUSD to break the recent narrow
range, printing $1.3334 before fading. Near-term resistance is seen at
$1.3348/49 (May31 high/50% $1.3492-1.3205), opening a move toward descending
channel resistance at $1.3376 (as highlighted by yesterday's MNI Analysis email
1426BST). 

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