The GBP/USD pair shot through the 1.65 handle during the session on Wednesday, breaking above the first area that we had mentioned needed to be cleared for the buyers to take over again. On top of that, we came very close to breaking above the 1.66 handle, so it appears that the market is ready to break out. With that, if you are a bit more adventurous, you could be buying here, otherwise waiting above the 1.66 on a daily close would be the way to go. Pullbacks to show signs of support are buying opportunities now, and there is no way to sell the British pound.
