The GBP/USD pair rose during the session on Thursday, but ran into a little bit of trouble just above the 1.64 level. We still see a significant amount resistance of the 1.6450 handle, and believe it extends all the way to the 1.65 handle as well. Because of this, we think the market will struggle a little that, but short-term pullback should offer buying opportunities as we eventually break out to the upside. A move above the 1.65 handle has is looking for the 1.70 handle ultimately. Selling is not a possibility at this point in time.
Written by FX Empire