The GBP/USD pair broke higher during the course of the session on Friday, clearing the top of the hammer that had formed for the session. With that being the case, the market ended up breaking out and showing that we are perhaps going to have a decent bounce from here. With that, we have no interest in selling, and it appears of the 1.50 level has proven itself to be very important. Because of this, we are buyers on dips, and believe that this market will continue to grind its way higher, probably to the 1.53 level, and then possibly the 1.55 level after that.
