GBP/USD Daily Forecast – 22 December

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Thursday, Dec 21 2017

GBP/USD Daily Forecast – 22 December

Sterling was initially pushed higher in the course of the yesterday's session but found resistance above 1.3380 area and then pulled back to 1.3330 level where it found some amount of support and once again rebounded in order to finish the session around 1.3380 handle. Tomorrow, we would be focused on UK Current Account and Final GDP 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.

More in this category: « AUD/USD Daily Forecast – 22 December EUR/USD Daily Forecast – 22 December »

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