Currency pair pound dollar GBP USD continues to move in the descending channel and currently has the potential to test the upper boundary of the channel and the beginning of fall in the framework of the descending forex 5-0 models in order to reduce the level below 1.18.
Forecast Forex Pound Sterling GBP USD on November 11, 2016
Cancellation option will be a strong growth of the pound against the dollar beyond the channel that will point to a continuation of the correction. In favor of the fall will also act as the breakdown of the trend line on the indicator of relative strength.
Forecast Forex Pound Sterling GBP USD on November 11, 2016 suggests an attempt to fall within the beginning of the descending forex 5-0 models in order to reduce the level below 1.18 areas.
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