GBP/USD Forecast August 25, 2014, Technical Analysis

The GBP/USD pair went back and forth during the day on Friday, essentially settling nothing. With that, we feel that the market is probably going to continue to be very flat, as we think the 1.65 level below is massively supportive. Because of that, we have no interest in selling this market because there’s not enough room to move, but do not have a candle that tells us that we should be buying either. Ultimately, either you are short of this pair already, or you should be leaving it alone at this point.