GBP/USD Forecast November 4, 2016, Technical Analysis

The GBP/USD pair rallied during the session on Thursday, as the Bank of England decided not to add to quantitative easing. With this being the case, I think that we could continue to see a little bit of bullish pressure but we have the jobs number coming out of America today which of course will take front and center stage. At this point, I still look for exhaustive candles above in order to start selling, because the British pound is very soft longer-term, and I see that the 1.25 level should be resistive, just as the 1.2850 level above that should be.

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