Weekly Gravestone Doji: *RES....>

EURO-STERLING TECHS: Weekly Gravestone Doji:

*RES 3: 0.9070 Trendline drawn off the Oct 7 2016 high

*RES 2: 0.9062 High Jan 11

*RES 1: 0.9010 High Jul 10 and key resistance

*PRICE: 0.8978 @ 08:35 GMT Jul 15

*SUP 1: 0.8954/53 Low Jul 8 and key near-term support / 21-dma

*SUP 2: 0.8921 Low Jul 2

*SUP 3: 0.8890/73 2% lower Bollinger band / Low Jun 20

EURGBP formed a Gravestone Doji on the weekly charts which is a strong bearish

reversal signal. This is on a very steep uptrend which has seen ten consecutive

weekly gains, further highlighting the key 0.9000/10 area which has so far

proved hard to overcome. A close above this resistance zone is required to

further cement the uptrend, opening the Jan 11 high and down trendline drawn off

the Oct 7 2016 high at 0.9062/70. Initial key support lies at 0.8954, the low of

Jul 8, ahead of the low of Jul 2 at 0.8921. The former support needs to hold to

avoid a deeper corrective pullback.