The GBP/USD pair bounced off of the 1.57 level in order to form a positive candle. However, the market looks as if it is ready to go higher, and that it’s only a matter of time before we break out to the upside. If we can break above the 1.58 handle, we feel that this market will then go to the 1.60 level. We have no interest whatsoever in selling this market, at least not until we get below the 1.55 level which we see as the “floor” in the market at the moment. With that, we are bullish.
