GBP/USD Forecast August 4, 2015, Technical Analysis

The GBP/USD pair fell again during the session on Monday, but we are essentially just grinding sideways overall. With that being the case, the market looks as if we could see significant consolidation in the short-term, but ultimately we believe that this pair does go higher. With this, we are buyers in general, as the markets continue to favor the US dollar against almost all currencies, with perhaps the one exception being the British pound. There is a nice uptrend line below, and with that we have no interest whatsoever in selling this market.