The GBP/USD pair fell during the session on Tuesday, slamming into the 1.60 level. The market has been consolidating in this general area for some time now, and because of this we are looking like a market that is ready to bounce, and as a result are looking for supportive candles on the short term time frames. This should continue to be the play, as the markets have been so bullish over the last six months. With this being said, we feel that this market cannot be sold simply because of the longer-term attitude.
Written by FX Empire