Currency pair pound dollar GBP USD is still trading within the descending channel and currently there are risks to see the continuation of falling pound against the dollar to below 1.18.
GBP USD Forecast FOREX pounds on October 25, 2016
We try to sell the pair GBP/USD with a close stop. Cancellation option will be a strong growth of quotations of the pound against the dollar above the level of 1.24, which points to the breakdown of the upper boundary of the channel and the continued growth of quotations in the area above the level of 1.28.
GBP USD Forecast FOREX pounds on October 25, 2016 suggests an attempt to fall within the beginning of the descending forex model 1:1 with a view to a potential drop below the level of 1.18.
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