The GBP/USD pair went back and forth during the session on Thursday, forming a relatively neutral candle with a slightly negative bias. At the end of the day though, we are only buying this pair, and not selling it. We would look for supportive candles on lower time frames in order to try to go long and take a serious attempt at breaking out above the 1.70 handle. That level giving way is a significant barrier to going much higher, so if we get above it, we feel that this market will ultimately take off.
