The GBP/USD pair initially fell during the session on Thursday, but shot straight up in order to slam into the 1.6050 level. This area should be resistive, though, so we think that although the market looks a bit positive at the moment, it will struggle to go higher. Eventually, though, we believe that this market will break above the 1.6250 handle, which should lead this market up to the 1.65 handle. Selling is not possible, and we believe that there is plenty of support below in order to start buying. Once we get supportive candles.
Written by FX Empire