The GBP/USD pair initially rallied during the session on Tuesday, but found a bit of resistance as we started to approach the 1.50 level. This is an area that should continue to be massively resistive, so we believe the fact that the market formed a shooting star is a very bearish sign, and that we will ultimately break down given enough time. We have been bearish of the Pound against the US dollar recently, and that has not changed buying the small rally that we managed to accomplish during the Tuesday session.
