The GBP/USD pair rallied during the course of the day on Tuesday, breaking above the 1.23 handle. At this point in time, this is a market that could rally for a while, but I’m waiting to see whether or not we get some type of exhaustive candle in a concert selling. I have no interest whatsoever in buying this market, and I do believe that eventually that we will return to selling and punishing the British pound going forward for the exit vote. Given enough time, I will be selling yet again.
![GBP/USD Forecast October 19, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/10/gbpusd-12.jpg)