The GBP/USD pair fell during the course of the session on Thursday, but as you can see turn it back around at the 1.71 handle as it found significant support. With that, the market formed a massive hammer, which of course suggests that the breakout is ready to continue going higher. After all, we did break out of a significant resistance barrier a couple of sessions ago, and as a result we should continue to go higher and to the next logical barrier, at the 1.75 level based upon the longer-term charts.
