GBP/USD Forecast November 25, 2016, Technical Analysis

The British pound rose slightly during the day on Thursday as the markets would have been fairly quiet due to the Americans celebrating Thanksgiving. At this point, there’s a lot of noise ran around the 1.25 handle, so quite frankly I don’t have any interest in trading this market. Longer-term, I feel that the market is still fairly bearish but I think there are easier ways to trade the British pound currently, so I will probably do so against of the currency such as the yen or the euro. I will keep you abreast as to what I see though. - 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.

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