The GBP/USD went back on forth on Tuesday, but continues to struggle at the 1.57 level. The area just above should continue to offer resistance, and we feel that the 1.60 level is where the resistance goes to. The pair is most certainly bearish, and as a result we believe this pair goes much lower, with a stop at the 1.55 level below. After that, we feel this market should head to the 1.50 level after that, as the US Dollar continues to be the strongest currency in the Forex world at the moment.
