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Sharp Sell-Off Leaves...........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Sharp Sell-Off Leaves Downside Exposed:
*RES 4: 0.9086 High Sep 4
*RES 3: 0.9020 High Oct 10
*RES 2: 0.8868 High Oct 11
*RES 1: 0.8787 Low Sep 20 and former breakout point
*PRICE: 0.8762 @ 15:07 GMT Oct 14
*SUP 1: 0.8700 61.8% April 2017 - August 2019 Rally
*SUP 2: 0.8694 Low Oct 11
*SUP 3: 0.8687 76.4% May 6 - Aug 12 rally
*SUP 4: 0.8600 Round number support
EURGBP cratered Friday, bringing the Thursday / Friday decline to close to 3.5%.
This negates recent bullish technical signals and instead confirms a resumption
of the medium-term downtrend. The break lower opens 0.8687, 76.4% retracement of
May 6 - Aug 12 rally and if this current bearish pressure can be maintained,
would open 0.8600 further out. On the upside, initial resistance is at 0.8787,
Sep 20 and the recent breakout point. Heavy for now.

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