The GBP/USD pair initially fell during the course of the day on Friday, but found enough support below in order to form a nice-looking hammer. We have not broken above the gap from the beginning of the week though, so we need to do that in order to start buying. The weekly chart formed a beautiful hammer though, so it is likely that this market will go higher. It will be a bit choppy though, and it will be massively volatile on the way higher. As far selling is concerned, we aren’t interested in it at the moment.
