GBP/USD Daily Forecast – 22 November

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Tuesday, Nov 21 2017

GBP/USD Daily Forecast – 22 November

Sterling was initially pushed lower in the course of the yesterday's session but found support around 1.3210 level and was then pushed higher going all the way to 1.3260 area, which proved to be too resistive at the moment with pair pulling back to 1.3240 level by the end of the session. As for tomorrow, focus will be on Autumn Forecast Report. On a short-term basis, we believe that pair will find some amount of support around 1.32 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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