The GBP/USD pair fell during the course of the day on Friday, taking back most of the gains from the Thursday session. With that being said, looks like we could drift a little bit lower from here, probably trying to get down to the 1.52 level to test support. Ultimately, we think that the market will find buyers down there, but at this point in time we do have a short-term selling opportunity on a break below the bottom of the range for the Friday session has there is a bit of “dead air” between here and there.
