The GBP/USD pair rose during the session on Wednesday, breaking above the recent highs but pulled back slightly. While this is a positive candle, it also suggest that perhaps the trading will be choppy going forward. Obviously, this is been a very parabolic market, and a bit of a pullback at this point time would be welcomed relief for the buyers. We are not selling this market, and fully expect to see pullbacks offer value that can be purchased. It isn’t until we close below the 1.55 handle that we would consider selling this market, and at that point time we would fully expect to see support come in at the 1.54 handle.
Written by FX Empire