GBP/USD Forecast September 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 14 September 2016 05:54 UTC
The GBP/USD pair fell during the course of the session on Tuesday, breaking down below the 1.32 level. I believe eventually that this market continues to go lower, especially considering that the British pound itself is starting to be punished for the boat to leave the European Union. We are currently seen this market testing the lows again, as the market has been consolidating for some time. I believe we are reaching towards the 1.31 level below. The 1.30 level below is the gateway to much lower levels, and once we broke below there I would be more than willing to hold onto a negative position.

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