On a long-term basis we would be on buyers for this pair, despite mixed momentum at the moment. Selling is not an option as long as we area above 1.30 handle.
GBP/USD Daily Forecast – 08 November
Sterling was initially pushed lower in the course of the yesterday's session, but found area around 1.31 handle and managed to rebound in order to finish the session above 1.3160 area and thus in a neutral tone. Tomorrow, we expect similar session as there will be no major data releases. On a short-term basis, we believe that pair will find some amount of support around 1.31 and 1.3080 area initially, while area above 1.3250 handle should offer some amount of resistance.
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