The GBP/USD pair fell during the day on Monday, dipping below the 1.52 level at one point. This market looks like it is heading towards the 1.51 level below, so we are still bearish as we are broken below several long wicks at the bottom of candles. Because of this, it appears of the market is ready to continue drifting lower but we do not anticipate any easy move either way. At this point in time, we are mildly bearish but recognize that volatility will more than likely continue to play havoc in the market.
