The GBP/USD pair went back and forth during the session on Wednesday, as you can see slicing through a couple different areas. However, we start today just under the 1.55 handle, so it’s easy to understand that if we break above the highs of the Wednesday session, we should go much higher. Initially, we would expect to see the 1.5750 level attempted, and then possibly even higher. Nonetheless, this is definitely a very positive candle, so we do not think that selling this market is going to be in our best interest going forward.
Written by FX Empire