GBP/USD Daily Forecast – 21 November

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Tuesday, Nov 21 2017

GBP/USD Daily Forecast – 21 November

Sterling formed support around 1.3180 area in the course of the yesterday's session and was then pushed higher going all the way to 1.3280 level, where it found some amount of resistance and pulled back by the end of the session to 1.3230 area. As for tomorrow, we expect similar session. On a short-term basis, we believe that pair will find some amount of support around 1.3180 and 1.3150 area initially, while area above 1.33 handle should offer some amount of resistance.

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 are above 1.30 handle.

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