The GBP/USD pair initially fell during the day on Tuesday, but turned around to break to the 1.44 level. At this point in time, the 1.45 level is massively resistive, so we need to break above there in order to start buying. On the other hand, if we have a resistive candle in this general vicinity, we would be willing to sell as well. Ultimately, we believe that there is more than enough volatility to keep this market somewhat range bound in the meantime. Given enough time, we will break out but we will have to see whether or not we can do anything in the short-term.
