GBP/USD Forecast March 15, 2016, Technical Analysis

The GBP/USD pair fell slightly during the course of the session on Monday, as it looks like we have finally ran into enough resistance to turn the market back around. Ultimately, we believe that this market will probably continue lower, but at this point in time we see far too much in the way of support just below to short here. Ultimately, we will have to wait to see whether or not we get some type of impulsive candle in order to place a trade upon. That being said, we will continue to monitor this market.