GBP/USD Currency Pair Chart 5/10
1. Bounce momentum likely to go from here as Pound is coming from Currency Dip completion of 1.34960.
2. Price action is continually confirming the value of the intermediate-term Mean Resistance $1.37630.
3. The violation of the intermediate-term Currency Dip will undoubtedly bring serious of the short-term bearish implications, having downside targets to next Currency Dip $1.31910, while Key Support of $1.30540 lays directly underneath.
4. Current bullish/bearish bias is 60/40
2. Price action is continually confirming the value of the intermediate-term Mean Resistance $1.37630.
3. The violation of the intermediate-term Currency Dip will undoubtedly bring serious of the short-term bearish implications, having downside targets to next Currency Dip $1.31910, while Key Support of $1.30540 lays directly underneath.
4. Current bullish/bearish bias is 60/40
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