GBP/USD Forecast November 15, 2016, Technical Analysis

The British pound fell against the US dollar during the day on Monday, as we broke below the 1.25 handle. However, I think there is a significant amount of support just below so I think it’s probably going to more or less hang about this general vicinity. Because of this, I have no interest in plane this market at the moment, as I await a little bit more clarity. All things being equal though, I think that the sellers may return given enough time as the US dollar in general has been going very well.

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