The GBP/USD pair fell during the course of the session on Thursday, but found support again near the 1.5775 level, and therefore it looks like the market still is retaining its footing on a possible move higher. The daily candle does show a bit of a bounce, so the analysis is essentially the same: we believe that this market is getting ready to break out, probably heading to the 1.5350 level first, and then ultimately to the 1.55 handle. We believe that short-term pullbacks will continue to be buying opportunities as we have seen during the day on Thursday.
