Support 3- 0.7057 (Daily low July 6)
Support 2- 0.7112 (Daily low July 8)
Support 1- 0.7150 (21 DMA)
Spot Rate- 0.7171
Resistance 1- 0.7225 (Hourly high July 9)
Resistance 2- 0.7246 (Daily Cloud base)
Resistance 3- 0.7258 (Daily high June 12)
- Pair was volatile during European trading hours, but the price failed to spend any significant time above the £0.72 handle
- Some focus will remain on the Bank of England's monetary decision due later in the session, although no changes are expected
- Trend studies are showing bearish signs
- Slow stochastic are near overbought levels
