The GBP/USD pair shot straight up during the session on Wednesday in reaction to the Federal Reserve and the announcement the tapering was not going to happen. Because of that, it’s the obvious that this market is primed to continue to go much higher as the 1.60 level has been broken to the upside. That being the case, we feel that this market will continue to go much higher, and that every time it pullback should be a buying opportunity for the bullish out there. Selling is obviously not an opportunity right now as the markets have absolutely broken through.
Written by FX Empire