Long-term looking, with this pullback, we would remain at the sidelines for the moment, as pair has lost bullish momentum, and could easily resume lower. However, if we see break above 1.4650 handle we would be buyers for the pair.
GBP/USD Daily Forecast – 09 February
Sterling was pushed lower in the course of the yesterday's session, going all the way to 1.4350 level, but there pair found some amount, and managed to rebound back to 1.44 handle by the end of the session. Tuesday should bring a steadier session as there will be no major data releases. Pair is likely to find support around 1.4350 handle, and 1.43 handle in extension, as this was major resistive point in the past and resistance above 1.45 handle so this is where we would consider placing short-term selling bids.
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