The GBP/USD pair fell during the session on Friday again, closing below the 1.70 level again. That being the case, the market appears that we are going to go lower and attempt to test the 1.69 support region in order to try and build up enough momentum to bounce again and head towards the 1.72 level. However, if we broke down below the 1.69 handle, we think that this market would probably head down to the 1.67 handle. Ultimately, the market looks more bullish at the moment, but we need to see a supportive candle in order to go long.
