GBP/USD weekly chart, November 28, 2016

GBP/USD forecast for the week of November 28, 2016, Technical Analysis

The British pound had a slightly positive week, but essentially sat still. The 1.25 level above is resistive, and ultimately I think the sellers will return. However, this is a market that seems a bit dead at the moment, so I don’t really have any interest in trading information were or long-term perspective for that matter. I believe in the longer-term downtrend, so I’m waiting to see an opportunity to search shorting. I don’t have a right now but will keep you up to date as to what I think.