The GBP/USD pair broke higher during the session on Wednesday, testing the 1.68 level yet again. That area has been resistive previously, and as a result we do not find it very difficult to imagine that the market could pull back from here. However, if we manage to break above the highs from the session on Wednesday, we think that this market ultimately goes to the 1.70 level. With that, we are buyers on a breakout to the upside, fully anticipating a move to that large, round, psychologically significant handle. Pullbacks should continue to be buying opportunities.
