The GBP/USD pair went back and forth during the course of the session on Wednesday, showing a fairly neutral candle. At this point in time, it appears that the 1.30 level is a bit of a magnet for price, and having said that it’s only a matter of time before we have to make a serious decision. I think rallies will be sold off though, as we then reach down to the 1.2850 level below that. A break down below there sends the market down to the 1.25 handle below. I have no interest whatsoever in buying this market.
![GBP/USD Forecast September 29, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/09/gbpusd-20.jpg)