GBP/USD Daily Forecast – 29 November

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Tuesday, Nov 28 2017

GBP/USD Daily Forecast – 29 November

Sterling was initially pushed lower in the course of the yesterday's session going all the way to 1.3230 area, but pair then rebounded breaking above 1.3350 handle due to news that EU and UK have agreed on Brexit bill. As for tomorrow, we can expect that this news will have further impact on the markets.

On a short-term basis, we believe that pair will find some amount of support around 1.33 and 1.3270 area initially, while area above 1.3450 handle should offer some amount of resistance. 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.

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