The GBP/USD pair went back and forth during the session on Friday, essentially settling nothing. The 1.71 level did offer enough support to keep the market somewhat afloat though, so appears that we are simply taking a rest after the impulsive move higher. We still believe that this market goes to the 1.75 handle, so we are essentially “buy only” at this point in time, and even a pullback at this point in time would simply allow us to buy this market at a value price, at least until we get below the 1.69 level, which would be entering change in our opinion.
