GBP/USD Forecast August 18, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 18 August 2016 06:53 UTC
The GBP/USD pair initially tried to rally during the course of the session, but then turn right back around to break towards the 1.30 level. I think if we can break down below there, it is only a matter of time before the market grind itself much lower. I recognize that the markets will continue to find bearish reasons to trade this market. Even if we rally from here, I believe that it is only a matter of time before the sellers get involved on signs of exhaustion. I have absolutely no interest in buying this market.

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