The British pound fell against the US dollar during the day on Monday, as we broke below the 1.25 handle. However, I think there is a significant amount of support just below so I think it’s probably going to more or less hang about this general vicinity. Because of this, I have no interest in plane this market at the moment, as I await a little bit more clarity. All things being equal though, I think that the sellers may return given enough time as the US dollar in general has been going very well.
![GBP/USD Forecast November 15, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/11/gbpusd-8.jpg)