The GBP/USD pair initially fell during the course of the day on Friday, but then bounced enough to break above the 1.66 handle. The resulting candle is a hammer, so we can break the top of that we feel that the market then goes to the 1.67 level, and then possibly the 1.68 handle. Any pullback from here will more than likely find support at the 1.65 level, which looks massively supportive on the longer-term charts, so therefore we feel that the British pound is going to get a bit of a bounce from here.
