The GBP/USD pair rallied during the session on Tuesday, but lost about half of the gains. The area just above is massively resistive, so what we are waiting for is a break down below the bottom of the range for the session on Tuesday in order to start selling again. If we get that signal, we feel this market will then head to the 1.45 handle given enough time. We continue to sell rallies on short-term charts that show signs of failing as the downtrend is so firmly ensconced in this particular pair.
