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Gbp0.8898 & Gbp0.8961 Levels....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8898 & Gbp0.8961 Levels Key
*RES 4: Gbp0.9068 High Oct 13
*RES 3: Gbp0.9025 High Nov 9
*RES 2: Gbp0.8994 2017 High July 21
*RES 1: Gbp0.8961 Alternating hourly support/resistance
*PRICE: Gbp0.8945 @ 0430GMT
*SUP 1: Gbp0.8898 High July 18 now support 
*SUP 2: Gbp0.8867 Alternating hourly support/resistance 
*SUP 3: Gbp0.8852 21-DMA 
*SUP 4: Gbp0.8826 Low July 19
*COMMENTARY: The break below Gbp0.8919 lacked follow through Wednesday with the
pair bouncing from ahead of the key Gbp0.8898 support. Pressure has returned to
the Gbp0.8961 resistance with bulls needing a close above to add support to
their case and initially target Gbp0.8994-0.9025, Bears continue to look for a
close below Gbp0.8898 to confirm an easing of bullish pressure and shift focus
back to Gbp0.8826-52 where the 21-DMA is situated.

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