The GBP/USD pair fell during the bulk of the session on Thursday, but bounced enough to form a little bit of a hammer. This area looks as if it is attracting more buyers, and that we will ultimately go above the 1.68 handle. A break above that level has this market looking for the 1.70 level, which is the longer-term target as far as we can see. Pullbacks from here should offer buying opportunities as well, as we seen a very impulsive move to the upside recently. Selling is not an option at this point.
