The GBP/USD pair rose during the session on Friday, closing above the 1.61 handle. This of course is a bullish sign, and as a result we are willing to buy this pair now. We think that the market goes to the 1.63 handle over the longer term, and possibly even higher. That being the case, we are bullish of this market and we believe that pullbacks will offer significant buying opportunities. After all, this could be simply a larger consolidation area which is allowing the market to take a breather before going much higher as it had such a strong uptrend going before we came to this general region.
Written by FX Empire