The GBP/USD pair rose during the session on Friday, but broke out to the upside and on top of the hammer, which of course is a very supportive sign. We think that the market continues to go higher, and heads to the 1.70 level yet again. This pullback has been healthy, and more than likely will build up enough momentum to eventually breakout to the upside that we think needs to happen. Selling is not an option, and we feel that the “floor” in the market is down at the 1.65 level.
