The GBP/USD pair rose during the session on Friday, finally closing the gap that happened a couple of weeks back. The real question now is whether or not we can continue higher. If we managed to break of the top of the shooting star that the gap was formed after, we are more than willing to start buying this pair for a move up to roughly 1.55, and possibly farther. However, until we see that we are not interested in buying and freely admit that the safer trade is probably to simply wait into we get a resistive candle to start selling, as we would with longer-term trades.
Written by FX Empire