GBP/USD pair rose during the session on Wednesday, showing real strength as we broke the top of the shooting star. We tested the 1.69 level, which of course offered a bit of resistance, but at the end of the day we feel that this market will still had to the 1.70 level given enough time. We have been bullish of this pair for some while, and because of that we fully anticipate that short-term pullbacks will continue to offer buying opportunities in this market. We believe that this is simply an exercise in momentum building to breakout above the 1.70 resistance area.
