Extends S/T Gains *RES 4:.......>

EURO-STERLING TECHS: Extends S/T Gains

*RES 4: 0.8676 High Oct 24

*RES 3: 0.8596 High Jan 14 and bull trigger

*RES 2: 0.8538 High Feb 4 and a key resistance

*RES 1: 0.8504 High Oct 10

*PRICE: 0.8493@ 10:30 GMT Feb 27

*SUP 1: 0.8339 Low Feb 25

*SUP 2: 0.8282 Low Feb 18

*SUP 3: 0.8277 Low Dec 13 and major support

*SUP 4: 0.8251 Low Jul 14 2016

The short-term technical picture in EURGBP has improved. The cross yesterday

managed to trade above resistance at 0.8416, the Feb 20 high. This reinforces

the short-term bullish significance of the recent recovery off the Feb 18 low of

0.8282. The move higher opens 0.8504 and 0.8538. On the downside, initial

support has been defined at 0.8339, Feb 25 low with the key support zone still

at 0.8282 / 0.8277, the Feb 18 and Dec 13 low respectively.