The GBP/USD pair fell hard during the session on Friday, testing the 1.6850 level. This area offered a little bit of support, but we feel that the real support as down at the 1.68 handle. Because of this, we feel that the market will find buyers in this general vicinity, therefore allowing the market to bounce. We are bullish of this market overall, and if we can get above the 1.70 level, we are more than happy to start buying as that would signify a significant breakout to the upside. Supportive candles in this general vicinity should be used as buying opportunities as well.
