The GBP/USD pair gapped lower at the open on Monday, but turn things back around in order to form a fairly bullish candle for the day. With that, it appears that the British pound is starting to find buyers, but quite frankly we think the real support is closer to the 1.65 handle, and we could see continued to expound weakness going forward. The market needs to break above the 1.67 level for us to be comfortable buying, so at this point time we are simply on the sidelines recognizing that the bullish candle that form for Monday does not change anything on this chart quite yet.
