The GBP/USD pair went back and forth during the course of the day on Thursday, testing the 1.57 level. The market showed a neutral candle, so quite frankly it’s almost impossible to imagine place a trade at the moment. However, if we see some type of resistant candle above, we would be more than willing to sell this market as the market looks very bearish overall. That being said, we feel that buying this market is impossible until we get above the 1.60 handle. With that, we are very bullish of the US dollar and recognize that it is the strongest currency out there.
