GBP/USD Forecast August 22, 2016, Technical Analysis

The GBP/USD pair fell slightly during the course of the day, testing the 1.30 level for support. If we can break down below there, I feel that the market then will reach to the 1.2850 level below. If we can break down below there, the market should then reach down to the 1.25 handle. Any rally at this point in time will more than likely be a selling opportunity, so therefore I more than willing to sell exhaustion every time I see it. I have no interest whatsoever in buying this market.