We were turned away from 1.7050 after couple of attempts which has kept the sellers in control and we’re just having another prod higher into 1.7040
GBP/USD H1 chart 23 07 2014
The biggest test for the sellers will be an attempt on the broken support line up around 1.7070 and the longs will be worried about a test of support at 1.70. A break if either level could see one side or the other starting to cover some positions leading to a larger move in the respective direction.