GBP/USD Forecast November 17, 2016, Technical Analysis

The British pound did almost nothing during the day on Wednesday against the US dollar, as we continue to drift in this general vicinity. I believe that this is a market that continues to grind sideways, and with that being the case it’s likely that the sellers will return sooner or later as we have seen such a negative longer-term trend. Because of this, waiting to see whether not we get an impulsive candle in one direction or the other before us are trading, and am sitting on the sidelines currently when it comes to the British pound. - 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. bears no responsibility for any trading losses you might incur as a result of using any data within the