Resistance 3:$1.6740
Resistance 2:$1.6560
Resistance 1:$1.6500
Current price: $1.6437
Support 1: $1.6420
Support 2: $1.6380
Support 3: $1.6240
COMMENTS: The pound weakens. Support comes at channel line from Apr 28 at $1.6420 with a break under will strengthen bearish momentum down to $1.6380 (Jul 01 low), then – to $1.6230/40 (Jun 25 low). Resistance comes at session high on $1.6500 with stronger – on $1.6560 (50% Fibo of $1.6740 - $1.6380 decline). Above the target is around $1.6740 (Jun 30 highs).