The GBP/USD pair went back and forth during the session on Monday, essentially settling nothing. However, we believe that this pair has an upward tilt to it, and as a result we believe that buying this pair is the only thing that we can do ultimately. Selling is not an option, but we do recognize that you can pull back to the 1.63 level and still remain rather bullish. Because of this, we are looking for some type of supportive candle or potentially a break out above the 1.65 handle in order to start buying the British pound again.
