The GBP/USD pair tried to rally during the session on Monday, but found the way too much in the way of resistance above the 1.69 handle to hang onto those gains. That being the case, we ended up forming a shooting star and that of course is a negative sign. However, we do see a significant amount of support right around the 1.68 handle, so even if we fall from here we do not anticipate that the market is going to fall too far. On the other hand, if we break the top of the shooting star that is in an extraordinarily strong signal to start buying.
