The GBP/USD pair rose during the session on Friday, but did not break above the 1.65 resistance area. Because of this, we are not overly bullish yet, but do recognize the fact that the pair is more than likely going to go higher rather than lower. Because of this, we are waiting for break out above the 1.65 handle as it would show another attempt to go higher, and then eventually break above the 1.66 handle which leads to the 1.70 handle in favor the British pound. Selling is not possible for us at this point time because the British pound has been so strong.
