GBP/USD Forecast February 24, 2016, Technical Analysis

The GBP/USD pair fell during the course of the day on Tuesday, testing the 1.40 level below. Once we get below there though, the market should continue to go even lower. Rallies at this point in time should be selling opportunities, on signs of exhaustion. We have no interest whatsoever in buying this market, it appears of the British pound is going to continue to grind even lower, and as a result we continue to sell again and again. We could very well see this particular pair reach the 1.37 level fairly soon.