GBP/USD Forecast July 4, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 04 July 2016 07:17 UTC
GBP/USD fell slightly during Friday, as we continue to see volatility. At this point in time, we are still within the previous consolidation area, so I don’t see much in the chart but if price can break down below the 1.32 level, then it could continue  go lower. Rallies up will be ignored, except for 2 possibly scenarios for exhaustive candles that I can sell. Sentiment for GBP/USD holds on bearish, I believe it will go lower given enough time.

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