The GBP/USD pair fell during the session on Thursday, reversing the recent uptrend. However, we think there is plenty of support below, and recognize the fact that the 1.60 level should be the “floor” in this market. In fact, we hope that this market pulls back a little bit so we can take advantage of value and start buying. On the other hand, if we managed to break above the 1.63 level, we think that allows the market to continue much higher, and at that point time we would have to be buyers as well.
Written by FX Empire