GBP/USD Forecast November 11, 2016, Technical Analysis

The GBP/USD pair broke higher during the day on Thursday, clearing the 1.25 level. If we can break above the top of the shooting star from the Wednesday session, this market could easily reach towards the 1.2850 level above. However, the market has a massive amount of resistance at that area so it would make quite a bit of sense for this to be a short-term move at best. Remember, there’s still a lot of questions when it comes to the British pound after the boat to leave the European Union. That will continue to be a bit of an overhang.

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