The GBP/USD pair initially tried to rally during the course of the session on Thursday but then turned around to form a fairly negative candle. I do recognize that there is a bit of support just below, but eventually I think we not only grind lower than here, but lower than the 1.2850 level as well. Once we get below there, I believe that the market will then reach down to the 1.25 handle. I think rallies at this point in time should find exhaustive candles that we can take advantage of and start selling as well.
![GBP/USD Forecast September 30, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/09/gbpusd-21.jpg)