The GBP/USD pair went back and forth during the course of the session on Friday, essentially settling on a neutral candle. Because of this, the market looks as if it has plenty of support at the 1.55 handle, and that buyers should step back into this market somewhere in that general vicinity. Ultimately, if we can break out to the upside, we believe that the market should then head to the 1.58 level. We are bullish of the British pound in general, and don’t have any interest in selling this market yet.
