The GBP/USD pair fell during the session on Tuesday, but did find a bit of support near the 1.54 handle in order to form a neutral candle the looks somewhat like a hammer. That being the case, we think that perhaps this market still will try to challenge the 1.55 handle, but we think this pair will struggle to get too far above that. With that being the case, we are still looking for a weak candle to start selling. We don’t have that yet, so we are simply sitting on the sidelines of the moment.
Written by FX Empire