GBP/USD had a positive session on Friday, but gave up most of its original gains in order to form a shooting star. This positioning of the star and the fact that the pair has ran up so far so fast leads us to believe that a pullback is coming.......which will be an opportunity to buy this pair at a lower rate.
The EUR/GBP pair fell during the session on Friday, but is finding a lot of support at the 0.80 level. In fact, the hammer looks very supportive at this point in time, and the market looks ready to bounce around between the 0.80 and 0.81 levels.
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