The GBP/USD pair initially fell during the day on Thursday but then shot right through the 1.50 level like it wasn’t even there. As we started to close towards the end of the day, we are starting to face even more resistance above, as we believe the 1.52 level above is massively resistive. With this, we are sellers of resistive candles when they appear, and believe that it’s only a matter of time before we reach down to the 1.50 level and below. On the other hand, if we break above the 1.53 level, the market should continue to go higher.
