The GBP/USD pair rose during the session on Tuesday in order to prove the 1.5250 level as support. This area continues to be an area that we watch as it was once previously massive resistance. Looking at this chart, we fully expect to see the pair trying to reach the 1.55 handle, but also expected to be a bit of a grind higher. We don’t expect easy pips in this trade, but we are long of it already. We think that taking province just below the 1.55 handle will be the way to go, as it should be psychologically significant area.
Written by FX Empire