The GBP/USD pair rose again during the Thursday session as the breakout continues. However, by the end of the session we saw a doji, and the last couple of days are starting to look a bit exhausted, and this keeps us from buying at the current levels. However, the market isn’t one that we like selling – even if it needs to see a pullback. Rather, we like buying this pair on the pullback, and the 1.60 and 1.61 levels both could give you an opportunity to buy on signs of support. The 1.59 level is our “line in the sand” and as long as we are above it, we are buying only.
Written by FX Empire