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Weekly Bear Channel Top.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Weekly Bear Channel Top Capping
*RES 4: Gbp0.8858 55-WMA 
*RES 3: Gbp0.8835 200-DMA 
*RES 2: Gbp0.8810 Weekly Bear channel top off 2017 High 
*RES 1: Gbp0.8787 100-DMA
*PRICE: Gbp0.8780 @ 0430GMT
*SUP 1: Gbp0.8720 Low June 6 
*SUP 2: Gbp0.8694 Hourly support May 30 
*SUP 3: Gbp0.8678 Low Apr 26 
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: Follow through on pops above the 100-DMA remains lacking with the
pair remaining capped around the weekly bear channel top (Gbp0.8810) off 2017
highs. Bulls need a close above the 55-WMA to confirm a break of the channel top
and to shift initial focus back to 2018 highs. Bears continue to look for a
close below Gbp0.8694 to confirm a return in focus to tests of 2018 lows and
then Gbp0.8531 below.

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