The GBP/USD pair tried to rally initially during the session on Friday, but pulled back to test the 1.70 level. This level was the site of a significant breakout, so the fact that we pulled back during the session is a that big of a surprise. This should send the market looking for the 1.75 handle given enough time, but we don’t have the supportive candle to start buying quite yet. With that in mind, we are looking for supportive candles in order to get involved, or a breakout to the highs and beyond in order to start buying the British pound.
