GBP/USD Forecast August 3, 2016, Technical Analysis

The GBP/USD pair rose during the course of the session on Tuesday, now looking to reach towards the top of the consolidation area. The 1.35 level continues to be massively resistive above though, so I’m simply waiting for some type of exhaustive candle that I can take advantage of and start selling again. After all, there is a lot of concern when it comes to the British economy, especially after voting to leave the European Union. At this point though, the 1.30 level below will more than likely be massive support below as it has been for some time.