GBP/USD Forecast July 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 25 July 2016 06:13 UTC
The British pound fell again during the day on Friday, as we continue to grind our way down towards the 1.30 and a. There is quite a bit of support just below though, so having said that it’s not necessarily going to be easy to search selling here. I would prefer to see some type of rally that sells off that we can get involved in on shorter-term charts more than anything else. A break down below the 1.29 level would free this market to go down to the 1.25 level after that. I have no interest in buying the Euro at the moment.

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