The GBP/USD pair broke out during the session on Wednesday, breaking above the 1.55 level. That being the case, the market looks like it’s ready to go higher and head to the 1.58 level. However, there is a significant amount of noise between here and there, so it’s going to be very difficult to buy this pair. With that being said, we believe that it is easier to buying the British pound against other currencies and as a result we think that this market probably best left alone in the short-term as there is so much noise.
