The GBP/USD pair initially fell during the session on Tuesday, but as you can see the 1.55 handle offered enough support to push prices back up area in the end, we found ourselves above the 1.56 handle, and looking very strong. On a break of the highs from the session on Tuesday, we do not hesitate to go long, recognizing that there is a bit of noise above us though. If we can get above that area, we will head towards the 1.60 handle, as the market continues to show bullishness for the British pound. If we managed to break down below the 1.55 handle, this market should grind its way back down towards the 1.5250 handle.
Written by FX Empire