GBP/USD Forecast September 12, 2016, Technical Analysis

GBP/USD markets initially tried to rally during the course of the day on Friday, but turned gray back around to form a slightly negative candle. However, when I think more important is the fact that we formed a weekly shooting star. Because of this, I believe that a break down below the bottom of this candle would be a selling opportunity, with the market reaching towards the 1.3050 level. With that, I believe that it’s only a matter of time before the market shows negativity. With this, I have no interest whatsoever in selling.

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