The GBP/USD pair broke down during the course of the session on Tuesday, breaking well below the 1.45 level. With that, the market looks as if the British pound is going to continue to suffer, and with that we are willing to short rallies that show signs of exhaustion below the 1.45 level, and quite frankly have no interest whatsoever in buying this market as it is so beat down. We have made a fresh, new low, and as a result we believe the downtrend should continue much further. The US dollar continues to strengthen.
