GBP/USD Forecast September 15, 2016, Technical Analysis

The GBP/USD pair went back and forth during the course of the day on Wednesday, but we ended up forming a hammer which of course is a very bullish sign. With this, I believe that a break above the top of the hammer would be a buying opportunity for the short-term, but only the short-term. There is a massive amount of resistance above, not only at the 1.35 level, but above there as there was a gap after the vote to leave the European Union. With this, I believe that there will be plenty of volatility going forward.