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GBP/USD Daily Forecast – 06 January

Tuesday, Jan 05 2016

Sterling was pushed lower in the course of the Tuesday's session going all the way to 1.4630 level, where it found some amount of support, and added few points, however, pair is definitely in a downtrend and we have no interest in buying this pair at the moment. We believe that it will test 1.45 handle, where we can expect some amount of support, since this is important level based on a long-term charts.

As for tomorrow, pair is likely to find support around 1.46 handle and 1.4550 area in extension, while we can expect resistance above 1.4750 area, so these would be our short-term buying and selling points. 

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