GBP/USD fell slightly during Friday, as we continue to see volatility. At this point in time, we are still within the previous consolidation area, so I don’t see much in the chart but if price can break down below the 1.32 level, then it could continue go lower. Rallies up will be ignored, except for 2 possibly scenarios for exhaustive candles that I can sell. Sentiment for GBP/USD holds on bearish, I believe it will go lower given enough time.
![GBP/USD Forecast July 4, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/07/gbpusd-1.jpg)