The GBPUSD pair fell during the course of the day on Friday, testing the 1.52 handle.

That was a place we broke out of on Thursday, so it makes sense that we would retested.

However, there isn’t much of a trade at the moment and we feel that a supportive candle in this area would be a nice buying opportunity for the short-term, but this is a market that looks a little bit messy at this point so it’s probably best to either buy that supportive candle or just simply ignore the next move.

Editor’s Note: Equity investors/traders can use the Currency Shares British Pound Sterling Trust (FXB, quote) ETF to take positions in the yen without a FOREX account.  The ETF looks to track the price of the British Pound Sterling (GBPUSD), minus ETF fee. The fund seeks to reflect the price of the British Pound Sterling (GBPUSD) with the shares representing a cost-effective investment relative to investing in the FOREX market.

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