GBP/USD Daily Forecast – 20 December

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Tuesday, Dec 19 2017

GBP/USD Daily Forecast – 20 December

Sterling was initially pushed higher in the course of the yesterday's session, but found resistance above 1.34 handle and then pulled back to 1.3330 level where it found some amount of support but then managed to rebound and finished the session around 1.3380 area. Tomorrow, we expect similar session. 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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