The GBP/USD pair went back and forth during the session on Friday, forming a relatively neutral candle that closed just slightly negative. That being the case, we are still in the middle of two significant areas, and therefore in the beginning of “no man’s land.” Because of this, we do not have a trade at the moment and we are looking for a pullback to the 1.55 handle with signs of support in order to buy, or selling below that handle. As far as buying is concerned above, we would do so on a break above the 1.5750 level.
Written by FX Empire