GBP/USD Forecast September 1, 2016, Technical Analysis

The British pound had a slightly positive session during the day on Wednesday, as we have bounced just above the 1.30 level. However, I think that this pair will continue to offer selling opportunities going forward. I’m simply looking for exhaustive candles above in order to start selling again. I think that once we break down below the 1.30 level, the market will more than likely try to reach down to the 1.2850 level. We have low liquidity at the moment, and as a result we could be very sideways and stagnant today.