The GBP/USD pair initially tried to rally during the day on Thursday but turned back around form a bit of a shooting star. The 1.45 level offered quite a bit of resistance, and therefore it looks as if we are not going to be able to break out above there. If we can, that would be very bullish sign but at this point in time it appears that the sellers are going to win out and with the Nonfarm Payroll Numbers coming out, it’s likely that we will see quite a bit of volatility in this pair. At the moment, I have to side with the sellers.
