Currency pair pound dollar GBP USD showed serious growth contrary to expectations and is currently testing the area at the level of 1.2691. We should expect continued growth in the area of 1.2730, where the pair will complete the formation of the descending pattern Wolfe waves with a potential target of the fall to below 1.2260 areas.
Analytics and GBP USD forex forecast on December 2, 2016
Cancellation option will be the fall of the strong growth and the breakdown field 1.28, which indicates a continuation of an upward correction for the pair. Among the important news that could impact the British pound tomorrow, December 2, 2016 stands out, the PMI index for the construction sector, it is expected a slight drop from the index level of 52.6 to 52.3 levels, which could put pressure on the pound.
Analytics and GBP USD forex forecast on December 2, 2016 suggests an attempt to increase in the region of 1.2730, which is expected to complete the formation of the descending wave pattern Wolfe and the beginning of the fall of quotations pair pound dollar to below 1.2260.
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