The GBP/USD pair broke out to the upside during the course of the session on Friday, breaking the top of the hammer that had formed on Thursday. We also clear the top of the spike that had formed back in March, and that looks very bullish at this point in time. If we can get above the top of the range for the session here on Friday, the market should then head to the 1.52 level. In this area, we would anticipate seeing quite a bit of resistance. Pullbacks should be buying opportunities, and with that, we don’t have any interest in selling this market until we get below the 1.50 level.
