The GBP/USD pair broke higher during the course of the day on Friday, clearing the 1.52 level. We believe now that this pair will more than likely reach towards the 1.53 handle given enough time, and eventually higher than that possibly. This is a market that looks very bullish, but we also recognize that there is a lot of noise just above. A resistive candle would have us selling, but we do not have one yet, so having said that it looks as if we are going to continue to the upside.
