GBP/USD Forecast July 22, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 22 July 2016 07:24 UTC
The GBP/USD pair went back and forth during the course of the day on Thursday, as we continue to bounce around. Anytime a bounce from here should run into a buzz all of resistance though, as the 1.35 level above continues to be very negative. I also recognize that there is a bit of a Just above there, so at this point in time I’m simply waiting for some type of exhaustive candle in order to start selling yet again. The British pound of course will continue to struggle due to the vote to leave the European Union, so I believe that selling is the only thing you can do here.

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