The GBP/USD pair broke higher during the course of the session on Tuesday as we continue to consolidate. With that being the case, we continue to see this market bounced around and also recognize that the 1.50 level below continues to be massively supportive. As far selling is concerned, we need to see some type of bounce in order to do so, or better yet a break down below the 1.50 handle. If we can clear the highs from last week, we could go as high as 1.55 on a short-term countertrend move.
