This pair has made a correction upward and reached Short-term Resistance level at 1.67648. And we can see on the chart below that the price shows a rejection and it has made an inside bar and followed by a false break on its upward side. It could be a potential for the price to move lower after this false break if this key level still able to hold the price from its upward move, and if it happen we can expect the price to drop heading to the Key Support at 1.6630 which also a Confluent Level/Area which I already discussed on GBPUSD, May 29th 2014 post.
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