On a long-term basis we would be on buyers for this pair, especially after recent uptrend. Selling is not an option as long as we are above 1.30 handle.
Last modified on Monday, 27 November 2017GBP/USD Daily Forecast – 28 November
Sterling formed support around 1.33 handle in the course of the yesterday's session and was then pushed higher going all the way to 1.3380 level where it found some amount of resistance and pulled back in order to finish the session around 1.3330 area. As for tomorrow, focus will be Bank Stress Test Results. 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 1.3380 handle should offer some amount of resistance.
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