The GBP/USD pair shot straight up during the session on Monday, as the ISM numbers out of United States came in below 50. However, you can see we have given quite a bit of the gains back, and have pullback to roughly the 1.53 handle. With that being the case, this market does look bullish, but it does look like we will more than likely pull back to collect more buyers. Ultimately, we think that the 1.5250 level could very well be supportive, and because of this we will be looking to buy on supportive candles.
Written by FX Empire