GBP/USD Daily Forecast – 12 January

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Friday, Jan 12 2018

GBP/USD Daily Forecast – 12 January

Sterling formed support around 1.3450 handle in the course of the yesterday's session and was pushed higher going all the way to 1.3550 level where it found some amount of resistance and pulled back slightly in order to finish the session around 1.3430 area. Tomorrow, we would be focused on US figures. On a short-term basis, we believe that pair will find some amount of support around 1.3520 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.

More in this category: « AUD/USD Daily Forecast – 12 January EUR/USD Daily Forecast – 12 January »

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