Currency pair pound dollar GBP USD continues to decline in line with expectations and our forecast exchange rate of the British pound tomorrow. At the moment, there is the potential to reduce and test the descending channel borders on the level of 1.23.
GBP USD Forecast Forex Pound Sterling on November 24, 2016
We continue to increase the volume of sales, and willing to try new deal in favor of reduction to the extent of the fall. Cancellation option of reduction of quotations GBP USD will be strong growth above the level of 1.25, which points to continued growth in the region above the level of 1.2580. In favor of the fall also serves rebound indicator of relative strength. With the breakdown of the level of the lower limit of the downward channel is expected to accelerate the fall of the pound against the dollar quotes in the area below the level of 1.18.
GBP USD Forecast Forex Pound Sterling on November 24, 2016 suggests an attempt to fall to 1.23 in the framework of the continuation of mining reversal pattern Forex Head and Shoulders.