The GBP/USD pair fell during the session on Thursday, breaking below the 1.55 level. The psychological barrier has now given way to the sellers, and as a result this market can continue lower. Granted, we are in the vicinity of the ascending triangle that sent this market higher last summer, we think that noise will be overcome. Ultimately, this pair looks like it wants to go down the 1.50 level, and as a result rallies can be sold on the shorter-term charts at this point in time in our opinion. As for buying, we need to get back above the 1.59 level in order to do so.
Written by FX Empire