GBP/USD Daily Forecast – 07 December

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Wednesday, Dec 06 2017

GBP/USD Daily Forecast – 07 December

Sterling was pushed lower in the course of the yesterday's session going all the way to 1.3350 area due to Brexit uncertainties. There pair found some amount of support and slightly rebounded going to 1.3380 level. Tomorrow, we can expect similar session. On a short-term basis, we believe that pair will find some amount of support around 1.3350 and 1.33 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, despite this pullback and though there is currently a lot of volatility. Selling is not an option as long as we are above 1.30 handle.

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