The GBP/USD (British Pound/US Dollar) pair appears to be forming a basing pattern (blue box) in which an upside break appears the most likely resolution. A solid break above the 1.35 level would likely trigger a move back up to the 1.40 level. The ETF, FXB, is an alternative option for long exposure to the Pound Sterling. 4-hour period chart:
GBP-USD 4-hour July 14th