Lacking A Clear Direction For...>

EURO-STERLING TECHS: Lacking A Clear Direction For now

*RES 4: 0.8605 High Nov 22

*RES 3: 0.8596 High Jan 14 and bull trigger

*RES 2: 0.8554 High Jan 20

*RES 1: 0.8538 High Feb 4 and intraday bull trigger

*PRICE: 0.8440 @ 10:18 GMT Feb 11

*SUP 1: 0.8387 Low Jan 31 and key near-term support

*SUP 2: 0.8356 Low Dec 17

*SUP 3: 0.8352 76.4% retracement of the Dec 13 - Jan 14 rally

*SUP 4: 0.8302 Low Dec 16

EURGBP is softer again this morning although for now, the cross still remains

largely unchanged. The Jan 3 clearance of resistance at 0.8488, Jan 30 high

signals scope for gains towards 0.8553, Jan 20 high ahead of key resistance at

0.8596, the Jan 14 high. On the downside, firm support is at 0.8387, the Jan 31

low. A break of this level is needed to instead reinstate a bearish focus and

open 0.8356, Dec 17 low and 0.8277, Dec 13 low.