GBP/USD Forecast July 31, 2015, Technical Analysis

The GBP/USD pair went back and forth during the course of the day on Thursday, eventually settling on what would be a massively neutral candle. Because of this, we feel that this market is going to trying to find support below, and we think that the 1.55 level certainly should be. We think that the market is still very much a market that’s ready to go higher, but ultimately we think that the market will be fairly choppy in the short-term. With this, it’s only a matter of time before the buyers take over, but you’re going to have to be very patient if you are a buyer on dips like we are.