The GBP/USD pair rose during the course of the session on Thursday, struggling at the 1.49 area. However, this market looks as if it will have to make some type of decision soon, so we are very interested in the next couple of sessions. A break down below the bottom of the range from the Thursday session would be reason enough to start selling, but we also recognize that a move back above the 1.50 level could be reason enough to start buying. We will watch with great interest, but will have to be patient before we place our next trade.
