The GBP/USD pair fell during the session on Friday, but as you can see there is plenty of noise below and it has been a fairly impulsive market to the upside recently. With that, we are still bullish, but are waiting for some type of supportive candle in order to go long. If we get above the 1.68 handle, we believe that the market will ultimately go to the 1.70 level which of course is our longer-term target. Selling is not an option at this point, and would not even be a serious consideration until we broke well below the 1.65 handle.
