The GBP/USD rose this week, but currently finds itself at the all-important 1.68-1.70 level. This is the area that we have been aiming for during the last several months. At this point, we need to make a decision. The signal is simple: On deep pullbacks, look to buy at support areas such as the 1.63 level. If we get a daily close above the 1.70 mark, we are going to at least 1.85, and probably 2.00 as well. Selling isn’t advised at the moment as this pair continues to grind higher.
Originally posted here
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