By FXEmpire.com
The GBP/USD pair fell for the week as the risk appetite around the world fell. The poor jobs numbers out of the United States certainly did nothing to help this either, so the pair fell on that day as well.
However, the pair sat still at the 1.6150 level, which has been a reaction point time and time again. Because of this, there is a real chance that we could see support at this point. Because of this, we are willing to buy this pair as long as we are above the 1.6050 area, and any signs of support will be used as a guide – even shorter time frames. 1.65 still seems to be the overall target.
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Originally posted here
