Your idea most likely will prove true re: GBP. Very nice spring in July with outlying volume trying to push lower followed by withering volume on the break below. That would be the place to buy. Within range anything can happen no reason needed. So a good base here and maybe probes top of range. Agree everybody a bear. Hope it works for you.
Feel free to tell the old man yourself about the good coffee trade. Shouldn't bite your head off if you throw a bone. CO