GBP/USD fell during the session on Monday, but still looks very buoyant. We think that the market will of course attract buyers as long as we can stay above the 1.5250 level, and as a result we are looking for supportive candles in order to start buying. We still maintain that the 1.55 level will be targeted in the end, and as a result we think that the market has a little bit more to go to the upside. As far as selling is concerned, we need either see the right resistive candle near 1.55, or a significant move below the 1.5250 level.
Written by FX Empire