The GBP/USD pair fell during the course of the day on Monday, but as you can see remains somewhat afloat, and more importantly supported at the 1.70 handle. We still believe that this market goes higher, and that this pullback will certainly attract buyers as we have been in a pretty significant uptrend for a while. Have no interest in selling until we clear below the 1.69 level, which is something that we don’t see happening anytime soon. A break higher could head to the 1.72 level, and a break above there has is aiming for the 1.75 handle.
