The GBP/USD pair tried to break higher during the course of the session on Wednesday, but struggled to continue to go higher. However, there is a significant amount of resistance below in this particular pair. With that, it’s difficult to trade this marketplace as it is so tight in this area. However, if we break above the top of the shooting star from the session on Wednesday, that would be very bullish sign. We would be buyers in try to aim for the 1.55 level. On the other hand, if we break down from here we see that there is a significant amount of noise below, and as a result it will be difficult to sell.
