Trying To Break Lower *RES.....>

SHORT-STERLING TECHS: Trying To Break Lower

*RES 4: 99.155 21-DMA 

*RES 3: 99.150 Lows July 5 & 23 now resistance 

*RES 2: 99.145 Highs July 25, 27, 30 

*RES 1: 99.140 Highs July 31, August 1 

*PREVIOUS CLOSE: 99.130 

*SUP 1: 99.125 Low August 2

*SUP 2: 99.090 High Apr 26 now support 

*SUP 3: 99.060 Low Apr 24 

*SUP 4: 99.030 Low Apr 18 

Short sterling edged lower again yesterday as it maintains its bearish trend

channel from the May highs. While closing off its low, bears still have the

momentum, with yesterday's 99.125 low the last line of defense before the April

lows come into play. Bulls need to close above 99.140 to gain some breathing

room and break above 99.150 to shift the bulls the momentum.