Currency pair pound dollar GBP USD finished the trading week of the current downtrend channel test of the upper boundary at 1.2450. Currently retained potential for further quotations pound falling against the US dollar at the beginning of the descending part of forex 1: 1 model with the potential to reduce the level below 1.15 area.
GBP USD forex forecast on November 28 — December 2, 2016
Cancellation option will be the pair of strong growth and the breakdown field of the upper limit of the downward channel. In favor of the continuation of the fall is the rebound value relative strength indicator from the line of resistance. We continue to hold the sale and are ready to increase the volume of short positions on decreasing development. Among the important news from the UK, which may affect the British Pound stands out, PMI index for the production sector, which will be presented to the market December 1, 2016, and the PMI for the construction sector, which was published December 2, 2016.
GBP USD forex forecast on November 28 — December 2, 2016 suggests an attempt to continue falling in the framework of the beginning of the descending pattern 1:1 with the potential to decrease below the level of 1.15, the cancellation will be a strong growth of the pound sample the upper limit of the downward channel.