The GBP/USD pair bounced enough during the session on Thursday in order to form a rather positive looking candle. However, breaking above the 1.53 level is simply smalltime in our opinion. Because of this, we have no interest in participating in this market as it seems to be very noisy and there seems to be multiple support and resistance levels in this general vicinity. With that, we at FX Empire will continue to monitor the GBP/USD pair, but have no interest in risking money at the moment. We will keep you advised as to pending trades though.
