GBP/USD Forecast September 23, 2016, Technical Analysis

The GBP/USD pair rallied during the course of the session on Thursday, breaking well above the 1.30 level. However, the market is still very negative overall so I am simply waiting for some type of exhaustion candle in order to start selling the British pound yet again. Because of this, I am going to be very patient when it comes to the cable, and simply allow the market to tell me when it’s time to start selling yet again. I believe that the impulsive candle from several sessions ago should continue to be very negative.

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