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Topside Hesitation A Worry......>

EURO-STERLING TECHS: Topside Hesitation A Worry
*RES 4: Gbp0.8967 2018 High Mar 7 
*RES 3: Gbp0.8904 Low Mar 8 now resistance 
*RES 2: Gbp0.8870 200-DMA 
*RES 1: Gbp0.8844 High May 4
*PRICE: Gbp0.8797 @ 0930GMT
*SUP 1: Gbp0.8782 55-DMA 
*SUP 2: Gbp0.8725 Low May 9 
*SUP 3: Gbp0.8678 Low Apr 26 
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: The aggressive rally Thursday bought bulls breathing room but the
hesitation ahead of Gbp0.8844-0.8904 where the 200-DMA is noted is less than
ideal. Bulls need a close above Gbp0.8904 to confirm a break of the 200-DMA and
to initially target 2018 highs. Bears now need a close below the 55-DMA to ease
pressure on resistance layers and below Gbp0.8725 to shift focus back to 2018

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