GBPUSD moves to new highs since early February after rate decision, but retraces the move

Price moves up 68 pips, and comes back down

The GBPUSD shot up about 68 pips on the back of the statement/vote and traded at the highest level since February 2nd, but sellers entered, and have pushed the price back lower. It currently trades down toward broken trend lines. The lowest trend line comes in at 1.41388 area. That also was the close from yesterday's trading. The 1.4144 level is the high going back to February 16th.

Stay above the 1.4138-44 is ok/more bullish. Move below and we could see more corrective action on the failure. That is my hunch now.