GBP/USD Daily Forecast – 19 December

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Monday, Dec 18 2017

GBP/USD Daily Forecast – 19 December

Sterling spent yesterday's session in an uptrend going all the way to 1.3420 level, where it found some amount of resistance and pulled back in order to finish the session around 1.3380 area. Tomorrow, with no major data releases from the UK, we would pay attention to US figures. On a short-term basis, we believe that pair will find some amount of support around 1.3330 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, 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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