The GBP/USD pair rose during the session on Friday, showing that the British pound continues to strengthen overall. In fact, the British pound looks healthy against most other currencies, so we do think that this market will eventually breakout to the upside. We need to see a daily close above the 1.63 handle in order to be convinced oh, but once we get that, we are aiming for the 1.65 handle. On the other hand, any pullback should be looked at as buying opportunities as British strength continues to be shown against various currencies around the world.
Written by FX Empire