Sharp Reversal Lower: *RES 4:...>

EURO-STERLING TECHS: Sharp Reversal Lower:

*RES 4: 0.9086 High Sep 4

*RES 3: 0.9056 50% retracement of Aug 12 - Sep 20 decline

*RES 2: 0.9020 High Oct 10

*RES 1: 0.8925 50% retracement of yesterday's range

*PRICE: 0.8836 @ 08:13 GMT Oct 11

*SUP 1: 0.8831 Low Oct 10 and 200-dma

*SUP 2: 0.8787 Low Sep 20

*SUP 3: 0.8803 Low Sep 25

*SUP 4: 0.8772 Low May 22

Despite generating strong bullish signals Wednesday, Brexit headlines superseded

the technical outlook to result in EURGBP turning sharply lower and reversing

the Sept-Oct uptrend in the process. The move cleared a number of supports and

attention turns to the Sep low of 0.8787. A break would reinstate a bearish

trend. The continued headline sensitivity risk suggests that any bearish outlook

is a cautious one. A rally could again expose yesterday's high of 0.9020.