The GBP/USD pair fell initially during the course of the day on Tuesday, but found enough support near the 1.53 level to turn things back around and form a bit of a hammer. This of course is a positive sign, and we feel that the market is getting ready to head towards the 1.55 handle over the course of the next couple of sessions. That is an area of massive resistance though, so we are not looking for a longer-term move at this point in time, just that there is the possibility of buying the British pound over the next couple of sessions.
