On a long-term basis we would be on buyers for this pair. Selling is not an option as long as we are above 1.38 handle. We expect next major resistance above 1.45 handle.
GBP/USD Daily Forecast – 25 January
Sterling was pushed further higher in the course of the yesterday's session going all the way to 1.4250 area by the end of the session, which is of course clear sign of an uptrend. We can expect a bit of consolidation tomorrow, after this huge incline. On a short-term basis, we believe that pair will find some amount of support around 1.42 and 1.4150 area initially, while area above 1.4350 handle should offer some amount of resistance.
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