GBP/USD Forecast July 8, 2016, Technical Analysis

The GBP/USD pair initially tried to rally during the course of the day on Thursday, but turn right back around at the 1.30 level. Because of this, I believe that this pair is going to continue to go lower, even though we could get a bit of a bounce of the jobs number is strong. In the end though, I am only looking to sell the British pound and have no interest whatsoever in buying it against any currency, let alone the US dollar. Ultimately, I would either sell a break down below the bottom of the hammer from the Wednesday session, or rallies that show signs of exhaustion.