The GBP/USD pair fell during the session on Tuesday, as the market slices below the 1.56 handle during the day. Going forward, we feel that this market is simply pulling back, and that we will eventually certainly back towards the upside. In fact, on short term charts we can already begin to see a bit of support coming into the 1.56 level, and we still believe that the 1.55 handle will be massively supportive. In fact, we do not think that selling this market is possible until we get below the 1.55 handle on a daily close, and because of this we can only buy. We will use short term charts in order to do so, and it will be aiming for the 1.60 handle.
Written by FX Empire