By FXEmpire.com
The GBP/USD pair fell for the first half of Wednesday, but bounced again to produce a hammer. This is especially impressive as the UK officially went into recession during the session as well! Because of the resilience in this pair, we believe the bullishness should continue, and as a result will only buy it. In fact, on pullbacks this pair looks very attractive until we break below the 1.59 handle. In the meantime, we still expect the 1.65 level – even if it doesn’t make much sense to us, but the charts say it – so we listen.
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Originally posted here
