The GBP/USD pair fell hard during the session on Thursday, completely reversing all of the gains that had been seen during the Wednesday session. Because of this, looks like the downtrend is ready to continue, and a break below the lows should be reason enough to start selling again. The yellow rectangle on the chart continues to show extraordinarily resistive qualities, so therefore we feel that the British pound is heading to the 1.45 level given enough time. We have no interest in buying, unless of course we somehow break above the top of the shooting star from the Wednesday session, something that would of course be very extraordinary.
