GBP/USD Forecast December 2, 2016, Technical Analysis

The GBP/USD pair rallied at the beginning of the session on Thursday, but turned around to form a shooting star. If we break down below here, I think that the market will simply continue the overall consolidation that we’ve seen recently. Having said that, today is the employment announcement coming out of the United States and that of course can throw a lot of volatility into the market. I still believe that longer-term the British pound will continue to grind lower against the us dollar, but clearly right now we are bit exhausted by the massive selloff that we had seen previously due to the exit - 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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