Implications and Outlook
1. The bounce momentum is moving the Pound from mini Currency Dip completion 1.31040.
2. Current price action is retesting intermediate-term Mean Resistance 1.32800 created on On June 15, while additional Mean Resistance 1.34200, and Key Resistance of 1.35650 are looming above.
3. The fulfillment of the intermediate mini-term Currency Dip 1.31040 is undoubtedly creating short-term bullish implications, while a new Mean Support of 1.31700 lays directly below.
4. Current Currency Strategy Bias: Bullish 60 / Bearish 40
1. The bounce momentum is moving the Pound from mini Currency Dip completion 1.31040.
2. Current price action is retesting intermediate-term Mean Resistance 1.32800 created on On June 15, while additional Mean Resistance 1.34200, and Key Resistance of 1.35650 are looming above.
3. The fulfillment of the intermediate mini-term Currency Dip 1.31040 is undoubtedly creating short-term bullish implications, while a new Mean Support of 1.31700 lays directly below.
4. Current Currency Strategy Bias: Bullish 60 / Bearish 40