GBP USD forex forecast on November 18, 2016


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Currency pair pound dollar GBP USD continues to trade within the framework of the formation of topping model Forex Head and Shoulders. At the moment, we can expect a tight test of 1.2580 areas, where you can try to sell the pound against the dollar with a close stop above 1.2650 level.

GBP USD forex forecast on November 18, 2016

GBP USD forex forecast on November 18, 2016

Cancellation option will break-down area of a local maximum; it will point to the abolition of the beginning of working out a reversal pattern. We hold a deal to sell 1.2580 but willing to try new sales after level test.

GBP USD forex forecast on November 18, 2016 assumes the completion of the formation of the right shoulder forex reversal patterns and continuation of the fall to below 1.21.

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