The GBP/USD pair had a positive session on Tuesday, and as most brokers were closed on Wednesday, we can only look at the recent action and assume that the choppiness should continue. Because of this, we feel that this market will continue to meander between the 1.63 level on the low side, and the 1.65 level on the upside. However, we do think that eventually this market breaks out to the upside, and therefore only buying pullbacks at this point in time. Because of that, we continue to be bullish of the British pound, which of course has done quite well against many other currencies as well.
Written by FX Empire