The GBP/USD pair went back and forth during the session on Friday as the 1.57 level continues to be an area of interest. There is a significant amount resistance all the way to the 1.60 level, so really at this point in time we are looking to sell on signs of weakness. We don’t have it, so we are looking for a week candle in order to start selling again as we think the market will then head to the 1.55 handle. However, keep in mind that liquidity is going to get then as we get closer to the holidays.
