The GBP/USD pair did little during the session on Monday, but with the Americans and British away for holiday that wasn’t much of a surprise. Ultimately, we feel that the market should continue to go higher, aiming for the 1.70 level given enough time. Whether or not we can break above there anytime soon might be a different story, but at the end of the day we think this market will continue above there eventually. With that in mind, we are not sellers and we believe that pullbacks will continue to offer buying opportunities in this obviously bullish market.
