The GBP/USD pair initially tried to rally during the session on Tuesday, but struggled in order to hang onto any type of gains, so therefore we ended up falling. The market is a little bit slow at this point though, but ultimately we believe that rallies will continue to offer selling opportunities. With no interest in buying, at least not until we get well above the 1.60 handle, something that isn’t going to happen anytime soon. Rallies continue to represent “value” in the US dollar in our opinion. Because of this, selling is the only thing available.
