The GBP/USD pair broke higher during the course of the session on Tuesday, breaking above the 1.52 level at one point. However, it does look like we are starting to show strength and that’s what matters. On a break above the top of the range for Tuesday, we are in fact bullish and expect this market to head back towards the 1.55 or so. We have no interest whatsoever in selling, because we believe that the 1.50 level will continue to offer support as it is a large, round, psychologically significant number.
