GBP/USD Forecast July 1, 2016, Technical Analysis

The GBP/USD pair fell during the course of the session on Thursday, as we continue to go back and forth and try to build up enough downward pressure to continue to go lower. At this point in time, I believe that the British pound will reach towards the 1.30 level, and then perhaps even lower than that. Alternately, if we get a rally I think that will simply be an opportunity to start selling this market yet again. At this point in time, I have absolutely no interest in buying the British pound.