The GBP/USD pair went back and forth during the day on Monday, but found the 1.70 level to be resistive enough to keep the market somewhat down. Because of this, we feel that the market will more than likely continue to struggle going higher, but if we can clear the aforementioned 1.70 handle, we would be more than willing to start going long again as we feel the market should head to the 1.72 handle. With that, we are bullish, but we don’t have the right signal or candle yet to be involved to the upside.
