GBPUSD is falling sharply after the earlier rally 15 July 2016
I highlighted the 1.3500 area yesterday in my BOE MPC preview and it proved to be a good cap. We've just seen another attempt fail at the same 1.3480 area with strong offers still in place from there into 1.3500.
Currently 1.3424 after holding 1.3400 in the rapid retreat and there's our range now with further support into 1.3380. A break of either side should provide acceleration. I remain a rally seller.
