The GBP/USD pair went back and forth during the session on Thursday, settling for a slightly negative candle. However, we find most interesting about this pair right now is that it seems to be running out of momentum to the downside, and it appears that the 1.66 region should continue to be supportive. We certainly believe that the 1.65 level below is supportive, so we are looking for buying opportunities going forward. Supportive candles will be used, and we believe that ultimately this pair continues higher, up to the 1.70 level. Selling is not an option.
