The GBP/USD pair rose again during the session on Thursday, as we start to get fairly close to the 1.50 handle. This is an area that should be rather resistive, so we will have to wait to see whether or not the British pound can continue to go higher. A resistant candle here would actually be an excellent selling opportunity, but we have to wait to see whether or not we will get it on the daily chart. With that, we are on the sidelines waiting, because we recognize that this is such an important area and although the market has been rather strong lately, the truth is that it will take very little to turn things back around.
