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Upside Focus Following..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Upside Focus Following Trendline Break
*RES 4: 0.8676 High Oct 24
*RES 3: 0.8658 High Nov 7
*RES 2: 0.8605 High Nov 22
*RES 1: 0.8596 High Jan 14
*PRICE: 0.8564 @ 16:36 GMT Jan 15
*SUP 1: 0.8530 Former trendline resistance drawn off the Aug 12 high
*SUP 2: 0.8452 Low Dec 31 and near-term bear trigger
*SUP 3: 0.8356 Low Dec 17
*SUP 4: 0.8277 Low Dec 13 and key support
EURGBP remains bullish. This condition was reinforced Monday following the break
of key trendline resistance at 0.8544. The trendline is drawn off the Aug 12
high and the break represents a key bullish technical development plus, signals
a trend reversal of the decline that started on Aug 12. The breach also signals
an extension of the uptrend that began off the Dec 13 low. The focus is on
0.8605 next, Nov 22 high and beyond. Support is at 0.8530.

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