The GBP/USD pair had another rough day on Thursday as the bearish tone in the markets continue to run over everything else. The Pound has suffered over the last several days, and the fact that we have broken below the 1.55 level suggests that we will see more of the same. The candle looks as if the pair is ready to fall again, and any bounces in this market will have us selling, especially if we retested the 1.55 level, only to fail. The buying of this market is almost impossible as it looks like we have a few more handles to go.
Written by FX Empire