The GBP/USD pair had a positive session on Thursday, breaking above the 1.5350 area cleanly, and looking very much like a currency that is trying to head back to the next resistance area at the 1.55 handle. With this being said, we feel that this market will continue higher, but will more than likely find quite a bit of resistance once it gets to that level. Because of this, we actually prefer to sell this market on rallies the show signs of weakness, especially at an obvious spot like the 1.55 handle.
Written by FX Empire