The GBP/USD pair broke higher during the course of the session on Thursday, but remains very resisted at the 1.550 level. That’s an area that was supportive in the past, and the fact that we pulled back slightly from there suggests that the market is more than likely going to respect the previous barrier as resistance. On top of that, we had an uptrend line that is just above there now, and that of course should be resistive as well. With this, we are sellers on the first signs of weakness in this particular marketplace.
