GBP/USD Daily Forecast – 24 November

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Thursday, Nov 23 2017

GBP/USD Daily Forecast – 24 November

Sterling was initially pushed lower in the course of the yesterday's session, afte rit found resistance above 1.3330 area, but then formed support around 1.3280 level and managed to rebound in order to finish the session above 1.33 handle. With no major data releases tomorrow, we expect less volatile session. On a short-term basis, we believe that pair will find some amount of support around 1.3280 and 1.3250 area initially, while area above 1.3350 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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