Currency pair pound dollar GBP USD continues to fall within the framework of the development of mining reversal forex head and shoulders pattern on the indicator of relative strength. The purpose of the fall of quotations of GBP/USD is the area on the level below the area of 1.2250.
Analytics and GBP USD Forex Forecast on November 15, 2016
Cancellation option will be a strong growth of quotations above the 1.27 level. We are trying to sell the pound against the dollar with a close stop and are ready to increase the volume with the development of quotations fall.
Analytics and GBP USD Forex Forecast on November 15, 2016 suggests an attempt to drop in prices pair to 1.2250 on the level within the mining forex reversal patterns on the indicator of relative strength, as well as by the rebound from the resistance line on the chart.