The GBP/USD pair went back and forth on Tuesday, essentially settling on a slightly negative candle. At the end of the day however, we feel that this market has plenty of support in the neighborhood of the 1.5350 region, and therefore we are buyers on a break of the top of the range. We believe that the market will ultimately test the 1.55 handle yet again, and with that we would be cautiously optimistic in the short-term, but recognize that there should be a selling opportunity above as well.
