GBP/USD Forecast July 13, 2016, Technical Analysis

This market is very bullish, at least in the short-term. However, I do see a lot of noise at the 1.35 level that could cause quite a bit of trouble, extending all the way to at least the 1.3650 level. In other words, even if we do break to the upside, we need to get above the aforementioned 1.3650 level in order for me to start buying. I believe that it is only a matter time before we run into trouble, and therefore an exhaustive candle is reason enough to start selling as soon as we get it.

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