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.

GBP/USD daily chart, November 25, 2016GBP/USD daily chart, November 25, 2016