The GBP/USD pair did very little on the Friday session, as we sit just above the 1.55 handle. This area of course is a significant round number, so of course we are not surprised see some type of reaction. If we can manage to break down below the 1.55 handle, we think we could pull back towards the 1.53 area, but at this point in time we have to believe that the bullishness should continue over all. A break of the Thursday candle deftly is a buy signal as well. Supportive candles will be used to buy unless we managed get below the 1.5250 level.
Written by FX Empire