Cable breaks down through 1.7090 and it could be a quick trip lower via ForexLive

The short term range looks to have been flushed to the downside and a sustained break below 1.7080 could see us trading down to the next decent level of support at 1.7042

GBP/USD h4 chart 14 07 2014

Look for 1.7100 to act as decent resistance if all you bears have got the bit between your teeth. a break back above might signal a fake out and that could get the bears a little scared and we could end up pushing higher.

posted via ForexLive