The GBP/USD pair went back and forth on Friday, hanging about the 1.7150 level. This market looks extraordinarily bullish at this point in time, so a break of the top of the range for the Friday session is more than enough reason to start going long again as far as we’re concerned. Pullbacks should continue to see plenty of support all the way down to the 1.70 level, and as a result we are “buy only” at this point in time, and we fully anticipate seeing this market go as high as 1.75 given enough time.
