The GBP/USD pair tried to rally during the session on Friday, and although it did keep some of the gains you can see that it gave back quite a bit of the gains later in the day. That being the case we ended up forming a shooting star again for the second day in a row, and as a result we think this market may struggle to go higher in the very short-term. However, we think that eventually this market will prove itself to be consolidating between the 1.55 level and the 1.5750 handle.
Written by FX Empire