Midterm correction for GBP/USD

From a high of 1.7042 the GPB/USD has fallen to 1.6740. More selling could occur, sending the pair as low as the 1.6600 resistance level, and could continue to slide as low as 1.6450. However, if it remains above 1.6700, a rally is possible beyond the previous highs. More from http://www.forex-info.com/