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Gbp0.8920 Resistance Remains....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8920 Resistance Remains Key
*RES 4: Gbp0.8920 Hourly resistance Sept 14
*RES 3: Gbp0.8907 High Sept 15
*RES 2: Gbp0.8902 100-DMA
*RES 1: Gbp0.8886 High Sept 22, 21-DMA
*PRICE: Gbp0.8877 @ 0430GMT
*SUP 1: Gbp0.8871 Hourly support Oct 4 
*SUP 2: Gbp0.8848 Hourly resistance Oct 3 now support 
*SUP 3: Gbp0.8822 Low Oct 3 
*SUP 4: Gbp0.8801 Low Oct 2
*COMMENTARY: Bulls took comfort in the bounce Friday with layers of resistance
Gbp0.8896-0.8920 now key. Bulls still look for a close above Gbo0.8920 to shift
initial focus to tests of the 55-DMA (Gbp0.9012). Momentum has corrected back to
neutral levels with daily studies providing few clues. Bears need a close below
Gbp0.8848 to ease pressure on resistance layers and below Gbp0.8801 to retain
focus on Gbp0.8717-28 where the 55-WMA and 200-DMA are noted.

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