The GBP/USD pair rose during the session on Friday, plowing towards the 1.6650 handle. That is an area that has offered a bit of resistance in support previously, so wouldn’t surprise us to see this market pullback a little bit here. However, we do believe in the longer term validity of the bullish run in this market, thereby we still believe that eventually hits the 1.70 handle given enough time. We also believe that the 1.65 level is supportive, so any pullback towards that general vicinity would be bought on signs of support by us.
