Currency pair pound dollar GBP USD continues to test the 1.2450 area. At the moment, there are risks to see a new attempt to drop in prices pair pound dollar to below 1.23. In favor of the fall is the test of the descending trend line on the indicator of relative strength.
GBP USD Forecast Pound Sterling Forex November 25, 2016
Cancellation option quotations falling pair GBP / USD will be strong price growth above the level of 1.2520, in which case we can expect an attempt to continue the development of an upward trend in the area above the level of 1.2580. We continue to keep selling the pound against the US dollar, however, is not willing to try new deal before the quotes beyond the lower limit of the downward channel.
GBP USD Forecast Pound Sterling Forex November 25, 2016 suggests an attempt to fall in the area of support at 1.2310 in the rebound from the resistance area at 1.2450, if the pair rise to 1.2520, we should expect an attempt to continue the development of ascending correction.
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