Currency pair pound dollar GBP USD continues to fall within the framework of the descending pattern Wolfe wave to decrease to below 1.22 areas. We try to sell the pair and increase the amount of products with the development of a fall.
GBP USD Forecast Pound Sterling Forex November 29, 2016
Cancellation option of reduction of quotations pair pound dollar tomorrow, November 29, 2016 will be a strong growth area and the breakdown of 1.2520 closing prices that can cancel model and provoke a continuation of upward correction. Also, do not attempt to exclude the growth of quotations GBP USD to 1.2470 in the framework of the completion of the formation of topping models forex head and shoulders, which also indicate a continued decline. Among the important news that could affect the course of the British Pound, tomorrow, November 29, 2016 is to provide the amount of net loans to individuals, it is expected a slight increase from the level of the indicator 4.7B to 4.8B level.
GBP USD Forecast Pound Sterling Forex November 29, 2016 suggests an attempt to continue falling within the mining Wolfe waves in order to reduce the area below 1.22, in the case of updating a local maximum region should expect a continuation of growth of pair.