The GBP/USD pair fell during the course of the day on Wednesday, testing the 1.52 level. With that, the market looks as if the market is going to try to break down below there, but a short-term bounce could very well be coming. That short-term bounce could be a selling opportunity and we will look to the short-term charts for a resistive or negative looking candle in order to start selling again. If we break down below the 1.52 level, at that point in time we feel that the market will then go down to the 1.50 handle. We do not have any interest in buying at the moment.
