The GBP/USD pair fell during the session on Thursday, breaking below the 1.5250 target that we had initially said. Because of this, we have pull out of this marketplace, and on top of that it appears that some type of hammer is forming at that level. This suggests that there is going to be a bounce to us, but we feel that the bounce will more than likely simply be a nice selling opportunity. We think that the 1.55 level will continue to be a bit too much for this pair, and that a break below the lows of the session on Thursday wall so be a nice selling opportunity.
Written by FX Empire