Currency pair pound dollar GBP USD continues to develop compensation and contrary to expectations, could not break through the lower boundary of triangle forex pattern. At this point the potential for the drop is retained in the rebound from the top of the descending channel.
Forecast Forex Pound Sterling GBP USD on November 2, 2016
Cancellation option will increase in quotes pound strong dollar above the level of 1.24, which indicates the continuation of upward correction for the pair GBP/USD. The immediate goal of the fall is the area on the level below 1.18.
Forecast Forex Pound Sterling GBPUSD on November 2, 2016 suggests an attempt to test the upper boundary of the channel and continue falling under the beginning of the descending pattern 5-0.