The GBP/USD pair initially broke higher during the course of the session on Tuesday, and as a result ran into significant resistance at the 1.57 level. That area of course turned the market back around, and as a result formed a shooting star. That shooting star is a sign to start selling, especially we break the bottom of it. Breaking the bottom of that shooting star sends this market down to the 1.55 level and as a result we are very bearish of this market and have absolutely no interest in buying it as the US dollars far too strong.
