Currency pair pound dollar GBP USD continues to move in the forex pivot model head and shoulders, at the moment there is a potential for the growth of quotations in the area of 1.2570, where we can expect the completion of the formation of the right shoulder head and shoulders.
GBP USD Forecast Pound against the dollar on November 21, 2016
From the level of 1.2560-1.2580 can try to sell the pair gbpusd with the potential to reduce the level below 1.21 areas. Cancellation option will be a strong growth of quotations GBP / USD above the 1.2650 level, which points to a continuation of an upward trend.
GBP USD Forecast Pound against the dollar on November 21, 2016 suggests an attempt correction to 1.2570 and continued falling within the mining reversal pattern Forex Head and Shoulders.