The GBP/USD pair had a positive session on Thursday, but gave back some of the gains once we get close to the 1.6650 level. Nonetheless, we are bullish of this pair overall, but need to see a break of the top of the range from the session on Thursday in order to start going long. At that point in time, we believe that this market goes to the 1.68 handle, and perhaps even as high as 1.70, given enough time. Selling is not an option at this point time because we see so much in the way of support below.
