The GBP/USD pair fell during the session on Friday, pulling back some of the bullishness that we had seen over the last two sessions. However, the 1.51 handle isn’t significant enough to have us looking to buy or sell at this point. If we managed to get below the 1.50 handle however, that would more than likely be a reason enough to start selling. If we managed to get above the 1.5250 and although, is very likely that this market will head back towards the 1.55 handle. In the meantime, we are simply in “no man’s land.”
Written by FX Empire