GBPUSD tested the 1.3700-1.3710 and it failed to break this zone to go back to 1.3750-1.3760.
GBPUSD dropped bellow the 1.3700 level which was a strong GBP sell signal. GBP then sold off heavily from 1.3695 to 1.3611 during New York trading session because USD was getting stronger.
GBPUSD has made a bounce from 1.3611 to 1.3675-1.3680 and it is expected to be consolidating from 1.3730 to 1.3610.
If GBPUSD breaks the 1.3710, GBPUSD short term trend will be up . GBP will go up to test 1.3750 and may for further to 1.3850-1.3900.
If GBPUSD cannot break the 1.3700-1.3710, GBPUSD will be sold off to 1.3610-1.3651 again.
Breaking the 1.3600-1.3610, GBPUSD short term trend will be bearish.
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