The GBP/USD pair rose during the session on Thursday, breaking above the 1.55 handle again. That being said, looks like were heading towards the 1.5750 level, and as a result we can expect this market to continue going higher. Short-term pullbacks will be buying opportunities, and as a result we are going long on the short term charts. However, the 1.5750 level will certainly be a barrier that will be somewhat difficult to break above. That being the case, we are simply looking for small gains, and nothing major out of this pair at the moment.
Written by FX Empire