The GBP/USD pair shot straight up like a cannon during the week as the Pound was the strongest of all of the major currencies. This pair has cleared the 1.57 level, and as a result looks very strong at this point. The 1.52 level has now been proven as a bit of a “floor” in the market at this time, and as such we are looking for the level to hold. The breaking of the top of this week’s candle, (including the possible gap on Monday) would be a big enough signal for us to buy. As for selling, we aren’t at the moment.

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Originally posted here