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 – 09 November
Sterling was initially pushed lower in the course of the yesterday's session, but found area around 1.3080 handle to be supportive enough and managed to rebound in order to finish the session above 1.3110 area, however showing some bearish momentum. 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 1.3080 and 1.3050 area initially, while area above 1.32 handle should offer some amount of resistance.
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