Currency pair pound dollar GBP USD finished the current trading week, a slight decrease at the level of 1.2352. Currently retained potential for further drop in prices pair pound dollar within the beginning of the descending forex model 1: 1 with a view on the level drops below 1.17 areas.
GBP USD forecast on November 21, 2016 — November 25, 2016
Cancellation option will be a strong growth of quotations pound sample the upper boundary of the channel, which points to continued growth in the region above the level of 1.29. In favor of the falling GBP USD appears rebound values relative strength indicator on the descending resistance line. We continue to keep selling the dollar and the pound are ready to increase the volume of short positions on the development of a fall.
GBP USD forecast on November 21, 2016 — November 25, 2016 suggests continued decline in the beginning of the descending part of the forex model 1: 1 in order to fall to a level below 1.17.