The GBP/USD pair broke down during the session on Tuesday, slicing back below the 1.48 level. With that being the case, the market looks as if it’s ready to continue going lower, possibly down to the 1.45 level. That of course is the next large, round, psychologically significant number, and as a result the market will more than likely be targeting that level. Any rally at this point in time will more than likely find a significant amount of resistance all the way to the 1.50 level, so we are willing to sell resistive looking candles.
