GBP/USD Weekly Forecast – 05 September – 09 September

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Sunday, Sep 04 2016

Sterling was pushed higher in the course of the last week, going all the way above 1.33 handle, though there were no major data releases, however, area near 1.3350 level proved to be too resistive at the moment and pair pulled back on Friday but finished the week near 1.33 handle. Next week, we would pay attention to BoE Inflation Report. Pair is likely to find support around 1.32 and 1.3150 handle and resistance above 1.34 handle.

In long-term trends, we would remain on the sidelines for this pair, despite recent rebound, since there is a lot of potential offsetting factors at the moment for British pound.

More in this category: « AUD/USD Weekly Forecast – 05 September – 09 September EUR/USD Weekly Forecast – 05 September – 09 September »

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