The GBP/USD pair initially fell during the session on Wednesday, but found enough support underneath in order to move the market higher. The 1.68 level should offer resistance, and as a result we need to clear the highs in order to go to the 1.70 level, which of course is our longer-term target. We believe that pullbacks should offer buying opportunities going forward, and that shorter-term traders will continue to pushes market higher given enough time. We think that there’s plenty of support all the way down to the 1.65 level, but doubt that the market will go all the way down there.
