GBP/USD fell just slightly at the end of the session on Friday as the market seemed content on digesting the losses on Thursday. The 1.57 level held the bulls down, and as a result we think this pair is looking weak at the moment. However, we need to see a break of the Friday lows in order to sell at this point. Of course, the market is able to be sold at higher levels if we see weakness. The 1.57 level should be resistive again, and a shooting star at that level will be a great sell signal.
Written by FX Empire