The GBP/USD pair broke down during the session on Wednesday, testing the 1.5250 region. With that being the case, it appears of the market is going to continue going lower, but we need to see the market break down below the 1.52 level in order to start selling again. If we get that move, we should then see this market head down to the 1.50 level. Any rally at this point in time should continue to offer selling opportunities, as we see a massive resistance barrier at the 1.55 handle above, extending all the way to the 1.58 level.
