GBP/USD Forecast February 10, 2014, Technical Analysis

The GBP/USD pair has been one that we been paying attention to for several sessions now. We formed a three hammers in a row at the 1.63 level, and have now broken to the upside. We suggested that this market was going to go to the 1.65 handle given enough time, but may slow down the 1.64 or so. The Friday session did in fact see is clear the 1.64 handle, by 15 pips. It now appears that we should be heading towards the 1.65 level, and any pullback and a short-term chart is probably going to be a buying opportunity.