Cable’s turn to see a bit of selling now as it breaks modest support at 1.7130/35.

The dippers have been well in place around 1.7095/100 and they might be called upon to halt the falls should they continue.

GBP/USD h4 chart 07 07 2014

GBP/USD h4 chart 07 07 2014

Under 1.71 there’s a bit of a tech void until 1.70/40/50 and then 1.70.

Mild resistance is likely now at the broken 1.7130/35 level and stronger at 1.7150/55 then 1.7170