Currency pair pound dollar GBP USD continues to trade within a descending forex model 1:1 in order to fall below the level of 1.12. Currently, there are risks of continuing upward correction for the pair pound dollar remains high and the potential for reduction of quotations after the correction.
GBP USD rate forecast for the British Pound on November 2016
Cancellation option pound depreciation against the American currency in November 2016 will be a strong growth of quotations pair GBP USD higher than 1.25, which indicates the continuation of an upward trend for the pair. However, any high-quality signal in favor of the strong growth of the pound from current levels is not.
GBP USD rate forecast for the British Pound on November 2016 suggests an attempt to continue the devaluation of the pound against the dollar to below 1.12 in the framework of the descending forex 1:1 model.
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