GBP/USD Forecast November 9, 2016, Technical Analysis

The GBP/USD pair did very little during the day on Tuesday, as we show quite a bit of choppiness now. Ultimately, this is a market that has quite a bit of support just below but ultimately we have a massive amount of downward pressure. I do think that we go down to the 1.20 level given enough time, but I also recognize that it’s going to be difficult to break through there so I think it will take several attempts. I believe that the 1.25 level will continue to be resistive going forward. - 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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