The GBP/USD pair fell during the bulk of the session on Friday, but found enough support down at the 1.68 level to bring in buyers and push the market much higher. In the end forming a hammer suggests that the market is in fact going to head to the 1.70 level. We believe that the market will continue to be bullish, and as a result have no interest in selling whatsoever. A break down below the 1.68 level would be difficult to imagine at this point, so currently we are “buy only.”
