The GBP/USD pair fell significantly during the day on Friday, as we slammed into the 1.53 level. Because of this, we feel that the market will continue to drift lower and eventually hit the 1.52 level. That being the case, the market looks as if it can be sold on short-term rallies that show signs of exhaustion. We think this will be a short-term traders market at best, so we are not looking for any type of significant move at this point in time. Ultimately, we feel that the market continues to be very volatile.
