The GBP/USD pair went back and forth during the session on Thursday, bouncing off of the 1.5250 level as we had suspected, and went much higher at that point in time. We still think this market eventually hits the 1.55 level, where will run into significant resistance. We think that this market should continue to be bullish, Lisa the next couple hundred pips, so we do not sell this market. However, if we managed to break down below the 1.5250 level on a daily close, we would at that point time of course be comfortable selling.
Written by FX Empire