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 - 02 February
Sterling was pushed higher in the course of the yesterday's session going all the way to 1.4270 area, which proved to be somewhat resistive, however, pair finished the session around this area which is of course a positive sign. As for tomorrw, we would pay attention to NFP figures. On a short-term basis, we believe that pair will find some amount of support around 1.42 and 1.4170 area initially, while area above 1.4350 handle should offer some amount of resistance.
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