GBPUSD, May 14th 2014

The price has declined to the key support here, and it is a key level to watch for a price action signal. If the price can't break the key support at 1.6819 here and shows a rejection, we could expect to see the price to hike again heading to the key resistance at 1.7000. But if the price violated and made a huge break on this key support, we could expect for another big decline to the next support at 1.6663 area.