The GBP/USD pair went back and forth during the session on Friday, ultimately forming a relatively neutral candle. That being the case, the market looks as if it is still continue to find buyers down here, but it is a bit of a fight. The 1.50 level below is massively supportive in our opinion, and probably extends all the way down to the 1.48 level. With that, we are buyers only, and believe that ultimately this market will head to the 1.55 handle given enough time. We have no interest in selling until we break down below the 1.48 level, something that is going to take a significant amount of pressure.
