The GBP/USD pair rose during the session on Friday, testing the highs yet again. We did not break above the 1.6150 level though, and as a result we are simply waiting to see that happen on a daily close in order to start buying again. This market does look like it wants to breakout to the upside, so that’s fully will we expect to see. Alternately, we could see a little bit of a pullback but we expect the 1.60 handle to be very supportive in the future as it has been in the past.
Written by FX Empire