GBP/USD Forecast September 29, 2015, Technical Analysis

The GBP/USD pair initially tried to rally during the course of the day on Monday, but turned back around to form a shooting star of sorts. This candle is at the very lows that we have made here recently, so we feel that the market could very well continue to fall. On a break down below the session on Friday, we would be sellers as the market should then reach towards the 1.50 level given enough time. We have no interest in buying at the moment, at least not until we get major impulsive green candles.