The GBP/USD pair rose during the session on Tuesday, but found enough resistance of the 1.65 level in order to pull back and give half of the gains back out. The market continues to look bullish, and therefore we are buyers only of the British pound. A clearance of the 1.65 level should send this to the 1.67 level, which leads to the 1.70 handle given enough time. Pullbacks should be buying opportunities on short-term charts, and as a result we think this market should continue to go higher over the longer term.
