1.70 coming under pressure late in the European week as we trade down to 1.7006. After yesterdays finish right on the 1.7040 line the attempt at push higher lacked any real strength and it looks enough to drive some profit taking into the weekend.
If the bulls are still keen, which I think they probably are, then 1.70 should be the line for them.
GBP/USD daily chart 20 06 2014
Either way a close above 1.70 for the week is still a bullish sign, if it happens
