GBP/USD Daily Forecast – 01 December

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Thursday, Nov 30 2017

GBP/USD Daily Forecast – 01 December

Sterling had another positive session yesterday, for a third day in a row, spending it in an incline with pair going all the way to 1.3550 area, where it found some amount of resistance and pulled back a bit, but managed to finish the session well above 1.35 handle. As for tomorrow, we would pay attention to UK Manufacturing PMI figures. On a short-term basis, we believe that pair will find some amount of support around 1.3480 and 1.3450 area initially, while area above 1.36 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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