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Free AccessGbp0.9043-92 Support Region.....>
EURO-STERLING TECHS: Gbp0.9043-92 Support Region Key
*RES 4: Gbp0.9350 2016 High Oct 6
*RES 3: Gbp0.9216 Daily Bull channel top
*RES 2: Gbp0.9141 High Oct 11, Bollinger band top
*RES 1: Gbp0.9133 2017 High Aug 15
*PRICE: Gbp0.9122 @ 0430GMT
*SUP 1: Gbp0.9114 Hourly support Aug 15
*SUP 2: Gbp0.9092 Hourly support Aug 15a
*SUP 3: Gbp0.9051 Low Aug 11 & 15
*SUP 4: Gbp0.9043 Hourly support Aug 10
*COMMENTARY: The Gbp0.9043-51 support confirmed significance providing the base
for a rally to fresh 2017 and 10mth highs. O/B daily studies and the Bollinger
top remain key concerns for bulls with potential to limit follow through. Layers
of support are accumulating with bears needing a close below Gbp0.9092 to ease
bullish pressure and shift focus back to Gbp0.9043-51. While Gbp0.9092 supports
bulls look for a close above Gbp0.9141 to confirm focus on the bull channel top.
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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.