The GBP/USD pair went back and forth during the course of the session on Friday, as we continue to see quite a bit of bearish pressure. However, the 1.49 level below should continue to offer support, so we need to break down below there before comfortable selling. On the other hand, a rally that show signs of exhaustion could be a selling opportunity as well. The US dollar continues to be strong, but at this point in time it does look like we are starting to see some type of technical support.
