The GBP/USD pair try to rally during the session on Thursday, but failed to hang onto the gains. With that being the case, we also dipped below the 1.65 handle. At the end of the day, we did close with a slightly negative candle, but the 1.65 level did in fact offer a bit of support. The market looks as if it is trying to find support in this general vicinity, and as a result we are waiting to see if we get some type of supportive candle in order to start buying. Until then, we are simply on the sidelines.
