GBP/USD Forecast February 17, 2016, Technical Analysis

The GBP/USD pair initially tried to rally during the course of the day here on Tuesday, but turned back around to form a very negative candle. With that being the case, now looks as if the GBP/USD pair is going to try to reach down to the 1.41 handle below, where there should be a significant amount of support. The fact that we are closing towards the bottom of the range for the day does suggest a perhaps we are going to have a continuation to the downside at this point in time and therefore have no interest whatsoever in buying.