The GBP/USD pair went back and forth during the session on Wednesday, but ended up going nowhere by the time the market closed. The resulting candle suggests that what we had anticipated during the previous two sessions, as we had a hammer and a shooting star. Because of this, we feel that this market will continue to grind sideways but we recognize the fact that the market is overall bullish, and therefore we are looking for supportive candles in order to start buying. On top of that, if we managed to break above the shooting star from the Tuesday session, we would be buyers there as well.
