GBP/USD Daily Forecast - 13 February

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Tuesday, Feb 13 2018

GBP/USD Daily Forecast - 13 February

Sterling went back and forth in the course of the yesterday's session, with support around 1.3820 level and resistance above 1.3880 area in the end finishing the session session around 1.3840 handle in a slightly positive tone ahead of tomorrow's UK CPI and PPI figures. On a short-term basis, we believe that pair will find some amount of support around 1.38 and 1.3750 area initially, while area above 1.39 handle should offer some amount of resistance.

On a long-term basis we would be on the sidelines for this pair, however, delling is not an option. We expect next major support around 1.35 handle.

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