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Rebound Extends *RES 4:.........>

*RES 4: 0.8617 2.0% Upper Bollinger Band
*RES 3: 0.8605/09 High NOv 22 / 2.0% Upper 10-dma envelope
*RES 2: 0.8575 High Dec 2
*RES 1: 0.8557 High Dec 19
*PRICE: 0.8540 @ 05:51 GMT Dec 20
*SUP 1: 0.8477 Low Dec 19
*SUP 2: 0.8356 Low Dec 17
*SUP 3: 0.8277 Low Dec 13 and key support
*SUP 4: 0.8213 1.500 projection of Aug 12 - Sep 20 sell-off from Oct 10 high
EURGBP received a further boost after the NY open Thursday, hitting new
post-election highs of 0.8557. The break of former resistance at 0.8509, Dec 12
high has essentially confirmed a short-term base and opens 0.8575, Dec 2 high
and potentially above. Note that if the cross trades above 0.8605, Nov 22 high,
this would expose the key trendline resistance at 0.8658, drawn off the August
high. Support is seen at 0.8477.

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