The GBP/USD pair fell during the course of the session on Thursday, testing the 1.50 level yet again. That being the case it looks like we are going to continue to consolidate, but we will be paying attention to see if we get a break down below the recent lows, which would be a fairly negative sign. However, we see quite a bit of support all the way down to the 1.48 level, meaning that a move lower is going to be very difficult and even if we achieve it, very choppy.
