The GBP/USD pair fell during the session on Tuesday, but still remains above the vital 1.60 support level. Because of this, we think this pair still has a strong chance of going higher, and we are not selling at this point. Even though the candle for Tuesday looks a bit ugly, the fact is that we have essentially gone sideways since the hammer on Friday, so nothing has changed at as we look to build a bit of a base at this point. With this in mind, we are willing to buy this market on a break of the Tuesday highs.
Written by FX Empire