GBP/USD Daily Forecast – 21 December

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Wednesday, Dec 20 2017

GBP/USD Daily Forecast – 21 December

Sterling went back and forth in the course of the yesterday's session as there were no major data releases, with resistance above 1.3420 level and in the end pair pulled back in order to finish the session around 1.3380 area in a neutral tone. We expect similar session tomorrow as there will be no major data releases. 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.

More in this category: « AUD/USD Daily Forecast – 21 December EUR/USD Daily Forecast – 21 December »

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