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EURO-STERLING TECHS: No change, bearish within the channel:
*RES 4: 0.8995 Channel resistance drawn off Aug 12 high
*RES 3: 0.8975 High Sep 13
*RES 2: 0.8902 High Sep 16
*RES 1: 0.8894 High Sep 19
*PRICE: 0.8850 @ 08:18 GMT Sep 24
*SUP 1: 0.8787 Low Sep 19
*SUP 2: 0.8772 Low May 22
*SUP 3: 0.8725 Low Jun 21
*SUP 4: 0.8687 76.4% retracement 0.8490 - 0.9325
EURGBP extended the downtrend Friday, hitting fresh lows at 0.8787 but has since
retraced slightly. The technical outlook is broadly unchanged though and remains
bearish. The 0.8809 objective, 61.8% Fibonacci retracement has been achieved and
attention turns to 0.8772 and 0.8725, May 22 and 21 lows respectively. Momentum
and moving average studies continue to point south. On the upside, resistance is
located at 0.8894, Sep 19 high.