GBP USD forex forecast on November 23, 2016


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Currency pair pound dollar GBP USD has gone into the development of upward correction. Currently the pair is trading at 1.2485, however, quotes the pound has not yet struck the right shoulder area of a level that could completely cancel the forex reversal pattern.

GBP USD forex forecast on November 23, 2016

GBP USD forex forecast on November 23, 2016

Therefore, at the moment there is a potential for falling of pair of quotes as a continuation of mining model, but in the case of the growth above the level of 1.2550 is not necessary to keep selling the pound.

GBP USD forex forecast on November 23, 2016 suggests an attempt to fall within the framework of completion of work on the forex pivot model head and shoulders in order to reduce the level of 1.21.

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