GBP/USD Forecast August 4, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 04 August 2016 06:22 UTC
The GBP/USD pair did nothing during the course of the day on Wednesday, as we continue to consolidate in general. I still believe that the 1.35 level above is massively resistive and the resistance extends all the way to the 1.3650 level, based upon the gap that had formed after the vote to exit the European Union was announced by the United Kingdom. I am simply waiting for some type of exhaustive candle in order to start selling, as we should continue to reach towards the 1.31 handle. I have no interest in buying whatsoever.

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