GBP/USD Forecast June 27, 2016, Technical Analysis

The GBP/USD pair fell apart during the day on Friday as it was announced out the United Kingdom has voted believe the European Union. Because of this, the British pound sold off drastically as we sliced through quite a few supportive levels. Ultimately, the British pound will continue to selloff in my estimation, but we need some type of short-term bounce that show signs of exhaustion in order to continue to sell this market going forward. We have no interest whatsoever in buying this market as the British pound will continue to devalue.