Forecast Pound Sterling GBP USD on November 4, 2016


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Currency pair pound dollar GBP USD continues to trade within a lateral movement and is currently testing the upper limit firmly. We should expect a rebound attempt quotes pair and start falling from the area below the level of 1.2150.

Forecast Pound Sterling GBP USD on November 4, 2016

Forecast Pound Sterling GBP USD on November 4, 2016

Cancellation option will be a strong growth of quotations of the pair above the 1.24 level, which will indicate the quotations, leaves the channel, and the continuation of the uptrend. The purpose of this growth is the area at a level above 1.27.

Forecast Pound Sterling GBP USD on November 4, 2016 suggests an attempt to fall in the rebound from the upper boundary of the corridor with the potential breakdown of the lower limit and the development of the downward trend for the pair.

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