GBP/USD Finishes Break; Sellers Waiting at 1.5665 to 1.5700

GBP/USD has completed the first leg down on the hourly chart. If sellers emerge at 1.56648 to 1.57003 then look for this market to rollover ot the downside.

The hourly chart is indicating the GBP/USD has completed the first leg down from the top at 1.58154.

Based on the developing formation, look for a retracement to 1.56648 to 1.57003.  If this market is going to turn down, sellers will emerge in this zone to stop the rally.