Focus Is On Resistance *RES.....>

EURO-STERLING TECHS: Focus Is On Resistance

*RES 4: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 3: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline

*RES 2: 0.9055/57 High May 29 / Double bottom projection

*RES 1: 0.9042 High Jun 18

*PRICE: 0.9035 @ 16:15 BST Jun 18

*SUP 1: 0.8877/64 50-day EMA / Low Jun 9

*SUP 2: 0.8857 1.0% Lower 10-dma envelope

*SUP 3: 0.8826 Low May 14

*SUP 4: 0.8759 Low May 12

EURGBP traded well Thursday. Strong support at 0.8877, 50-day EMA and 0.8864,

Jun 9 low remains intact. The focus is on 0.9055, May 29 high where a break

would confirm a resumption of the recovery since early May. This would open

0.9086, a Fibonacci retracement. On the downside, clearance of 0.8877/64 would

instead highlight a bearish risk and open 0.8826, May 14 low and 0.8808, May 13

low.