The GBP/USD pair fell during the session on Wednesday, but remains within the previous consolidation that we’ve seen over the last couple of days. That being the case though, we did get a little bit of a bounce from the bottom of the range, and we do believe that eventually this market will breakout to the upside. Because of this, we are much more interested in buying then selling, or would prefer to do it at the 1.63 level or above as it should clear the way for the 1.65 handle in the near-term.
Written by FX Empire