The Pound has continued to respect a pattern of lower highs since the May 6th highs and it has alsoremained off balance because of threats from the BOE on the ultra-hot UK housing market. In other words, thePound is somewhat off balance because of stellar strength in real estate prices and that suggests the bear camphas started the new week with the edge. Resistance moves down to 1.6830 and support isn’t seen until the1.6750 level.
