The GBP/USD pair initially fell during the session on Tuesday, but found enough support near the 1.55 level to turn things back around and break above the top of the shooting star from the Monday session. By doing so, this is of course a very bullish sign and we now believe that the British pound is going to head towards the 1.58 level yet again. We believe in the longer-term uptrend of this market anyway, so we are most certainly bullish and believe that short-term pullbacks should end up being buying opportunities going forward.
