The GBP/USD pair went back and forth during the course of the day on Friday, essentially settling nothing. What it does show us though is that the 1.45 level above should be resistive. We believe that eventually this market probably breaks above there, but we may need a pullback in the short-term in order to build up enough momentum to do so. The Federal Reserve stepping away from some of its interest-rate hikes this year of course will continue to add fuel to the fire. We have no interest in selling at this point in time.
