The GBP/USD pair rose during the session on Tuesday, but could not breakout to fresh new highs. However, the 1.6850 level looks like its being challenged rather significantly, so we feel it’s only a matter of time. A move above that level has as buying this pair and aiming for the 1.70 handle, which of course is our longer-term target anyways. Any pullback from here should see plenty of support between current levels in the 1.67 level, so really at this point in time it’s almost impossible short this market and as a result we are buyers.
