The GBP/USD pair fell during the course of the day on Tuesday, but found enough support near the 1.7050 level to turn things back around and form a little bit of a hammer. This hammer tells us that the market is starting to attract buyers, and as a result we believe that the barrier between here and the 1.70 handle should continue to offer plenty of support, and as a result we feel that this market will bounce and head to the 1.72 level. Above there, the market have to the 1.75 handle, which is are longer-term target.
