The GBP/USD pair fell for the third day in a row only to pop back up just as it has in the past three days. That being the case, it looks more and more like the 1.60 handle is becoming a bit of a “floor” in this market, and that allows this market to go higher on a break of the top of the candle. We believe that this market will continue to rise, and break the recent high without too many issues. It might take a minute, simply because a market is likely to take a rest after going still high, so far. Nonetheless, we do expect higher prices.
Written by FX Empire