Gravity hits GBPUSD after failing to break the upside

It's a familiar pattern for cable traders. You get a decent rise and then watch it all unfold twice as quickly

And so cable is looking at yesterday's lows once again and it's looking an important level

GBPUSD 15m chart

Should we pop the level we then find support next around 1.5350 and 1.5338/45

EURGBP is benefitting from the fall in the quid to rise up to a sticky area between 0.7350 and the stronger 0.7375

EURGBP H4 chart

We keep poking and poking at the 0.7375 level and if we poke enough times, something usually goes pop