The GBP/USD pair rose initially during the session on Thursday, but found enough noise above in order to form a shooting star. A shooting star of course signifies of the market’s going to start selling off, and as a result we think of the markets probably going to simply consolidate in this general vicinity, and try to build up more buying pressure as the momentum needed to break out could find itself back into play. We have no interest in selling this market, as we recognize that the trend is most certainly favoring the buyers.
