GBP/USD Daily Forecast - 29 June

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Thursday, Jun 28 2018

GBP/USD Daily Forecast - 29 June

Sterling continued its decline in the course of the yesterday’s session going all the way to 1.3050 area where it found some amount of support and managed to rebound slightly to a daily closing around 1.3070 level. As for tomorrow, we would pay attention to UK Current Account figures.

Pair is likely to find some amount of support around 1.30 and 1.2970 area, while we can expect resistance above 1.3150 handle. Long-term looking, we would be bearish for this pair, especially if we see break below 1.30 handle. Buying is not an option at the moment.

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