The GBP/USD pair fell during the course of the day on Friday, testing the 1.52 handle. That was a place we broke out of on Thursday, so it makes sense that we would retested. However, there isn’t much of a trade at the moment and we feel that a supportive candle in this area would be a nice buying opportunity for the short-term, but this is a market that looks a little bit messy at this point so it’s probably best to either buy that supportive candle or just simply ignore the next move.
