The GBP/USD pair went back and forth during the course of the session on Tuesday, as we not only one higher, but also crashed into the 1.52 level. That’s an area that has been rather supportive, so it’s not a surprise that we bounce from there. At this point in time, we feel it’s probably best to sell rallies on short-term charts that show signs of exhaustion and weakness, as the market looks like it is overall soft, but choppy. With this, we believe that this market is not able to be bought at this point in time.
