The GBP/USD pair fell during the session on Wednesday, breaking down below the 1.68 level during the day. However, the market still has plenty of support below, and as a result we feel that buying the British pound is in only thing that you can do in this scenario. We see plenty of support all the way down to the 1.67 handle, and as a result we are looking for support on a short-term chart, as it should lead the market going much higher, possibly as high as the 1.70 level given enough time.
