The GBPUSD is testing the range top that has been in place since early October. I mentioned this area in the last few weekly forecasts. It’s no secret that the pound sterling has been indecisive of late. The currency is facing many unknowns at the moment, and that’s reflected in the price action since October. The upcoming BOE decision is the event market participants are likely waiting on before committing one way or the other. Things kick off on November 2 at 8 am EST and conclude with a Governor Carney presser at 8:30 am EST. However, even if Thursday’s events spur the currency out of its lull, the technicals call ... (full story)