The GBP/USD pair had an eventful day today, as the market originally pushed it lower, only to see it rebound later in the day. Because of this, it looks confused at first glance. However, noting that the pair rebounded right back to resistance leads us to think that a breakout may be coming. The question of course is when… A pullback is probable, and patience should be shown with this pair as it still remains a buying pair. A move down to 1.60 gets buyers interested again, and a break above 1.64 attracts new ones.
Originally posted here
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