The GBP/USD pair initially fell during the course of the day on Wednesday, but as you can see found support below to turn things back around and form a hammer. The hammer of course is a very supportive looking candle, and as a result we think we could bounce. If we can get above the 1.5285 level, we feel the market could go as high as 1.55. On the other hand though we could just simply consolidate in this general vicinity as the 1.50 level is so supportive. At this point time though, we have no interest in selling.
