GBP/USD forecast for the week of September 26, 2016, Technical Analysis

The GBP/USD pair initially tried to rally during the course of the week, but then turned around to form a shooting star. With this, the 1.2850 level below is a supportive barrier, so we will have to break down below there before we start selling from a longer-term perspective as far as I can see. At that point in time, the market should then reach towards the 1.25 level, as it is a large, round, psychologically important level. Rallies at this point in time should be selling opportunities eventually, so I would wait for exhaustion myself.