Currency pair pound dollar GBP USD finished the current trading week at 1.2185. At the moment, the pair continues to trade within a descending trend. In favor of the fall of quotations of the dollar against the pound testing the breached support line on the indicator of relative strength. The purpose of the fall of quotations GBP USD may be a region at a level below 1.15 area.
GBP USD Forecast on October 31, 2016 — November 4, 2016
Cancellation option of falling of pair on the next trading week will be a strong growth of the pair above the 1.2350 level.
GBP USD Forecast on October 31, 2016 — November 4, 2016 suggests an attempt to fall within the framework of working out the broken support line on the indicator of relative strength with the potential to reduce the level below 1.15 area.