Currency pair pound dollar GBP USD continues to downtrend and is currently with the successful breakdown of a rising trend line is expected to attempt to drop a pair of quotes in the area below the level of 1.2150. Cancellation option will be a strong growth area for quotations and update the local maximum, but in this case, to turn around the trend it is important to see the growth of quotations of the pound against the dollar above the level of 1.2700, and that as a result of the US election was won by Donald Trump.
GBP USD Forecast FOREX on November 9, 2016
Therefore, if possible, keep track of online US President election, to understand in which direction the market will move.
GBP USD Forecast FOREX on November 9, 2016 suggests an attempt to fall into local minimum area with a breakdown of the uptrend line on the indicator of relative strength.