The GBP/USD pair tried to rally during the course of the day on Friday, but found the 1.58 level to be a bit too resistive. However, this market does look like it’s going to be bullish overall for the longer term, and with that we are buyers on dips. On a supportive candle, we would in fact start buying as we would on a break above the 1.58 level. We have no interest whatsoever in selling this market and believe that there is massive amounts of support near the 1.55 handle as well.
