The GBP/USD pair went slightly higher during the session on Wednesday, but looks as if it’s trying to build up enough steam to go higher. The markets been rather strong recently, so it’s interesting to see how it may or may not be able to continue going higher. The market has certainly broken out to the upside, so we are not willing to sell. We think the pullbacks will be buying opportunities, and will treat them as such as the break above the 1.7050 level was of course significant. We believe that this market is on its way to the 1.75 level, so we are more than willing to continue to buy every time it dips.
