GBP/USD had a nice positive tone to it for the session, and look ready to try and break out over the 1.63 level. This area giving way would be a big deal, and allow this market to continue much higher. We like buying dips as well as this breakout and think that the 1.60 level should be the "floor" in this pair.
The GBP/JPY pair rose slightly for the session as the hammer from the Wednesday session had buyers stepping into the market on Thursday. The "risk on" attitude of the market on Thursday helped this pair, and as a result we think this market should continue higher.
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