The GBP/USD pair broke higher during the course of the session on Tuesday, as we continue to consolidate just above the 1.50 level. That area is of course a massively supportive region, and therefore we think that the market is going to continue to struggle in this general vicinity, as it is so important on the longer-term charts as well. We believe that this market will ultimately have to make a decision, but right now it seems as if it is simply content to consolidate between the 1.50 level on the bottom, and the 1.53 level on the top.
