GBP/USD Daily Forecast – 05 January

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Thursday, Jan 04 2018

GBP/USD Daily Forecast – 05 January

Sterling formed support around 1.35 handle in the course of the yesterday's session and was then pushed higher going all the way to 1.3560 level where it found some amount of resistance, but managed to finish the session around 1.3550 area. As for tomorrow, we would pay attention to US job figures. On a short-term basis, we believe that pair will find some amount of support around 1.35 and 1.3480 area initially, while area above 1.36 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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