GBP/USD Daily Forecast – 26 December

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Saturday, Dec 23 2017

GBP/USD Daily Forecast – 26 December

Sterling was initially pushed higher in the course of the Friday's session but found resistance near 1.34 area and then pulled back to 1.3360 level by the end of the session, despite rather good UK Current Account figures. With bank holidays worlwide on Monday and Tuesday there should be no trading. On a short-term basis, we believe that pair will find some amount of support around 1.3340 and 1.3320 area initially, while area above 1.34 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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