The GBP/USD pair had a positive session on Thursday, testing the 1.52 level for resistance. Within this chart, it appears we are trying to bounce a bit, but we need to clear the 1.53 level in order for us to be comfortable buying again. This essentially takes found the shooting star that the gap formed from back in February, thereby flowing out significant resistance. This looks like a chart that is still in “No Man’s Land”, and as a result we aren’t involved at the moment. This s market should be a sellable one until we get above that 1.53 level though.
Written by FX Empire