GBP/USD Daily Forecast - 05 March

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Saturday, Mar 03 2018

GBP/USD Daily Forecast - 05 March

Sterling went back and forth in the course of the Friday's session wit support around 1.3750 area and resistance above 1.3820 level, with pair finishing the session around 1.38 area. On Monday we would pay attention to UK -services PMI figures. On a short-term basis, we believe that pair will find some amount of support around 1.3750 and 1.37 area initially, while area above 1.3850 handle should offer some amount of resistance.

On a long-term basis we would be on the sidelines for this pair, however, selling is not an option. We expect next major support around 1.35 handle and resistance above 1.40 area.

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