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.

Eracash.com - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com