I think ultimately this market will go looking towards 1.43 level again, but you will need to be very patient if you are a buyer done at these low levels. However, if we were to break down below the 1.29 level, the market could drop to the 1.25 level given enough time. I like the idea of buying the British pound overall, especially on short-term dips. I think that it will probably be a short-term market for most of the next month, but I am certainly biased to the upside at this point and am starting to look at this as a “wave two” for Elliott Wave traders. I’m not an Elliott Wave traders, but I know a lot of people are. At this point, it’s just looking for an excuse to go higher.