GBPUSD Daily Forecast: December 03

GBPUSD Forecast

The GBPUSD was indecisive last week formed a Doji on weekly chart but overall still able to maintain its bullish intraday bias since bounced from 1.5826. The bias is neutral in nearest term probably with a little bullish bias testing the trend line resistance and 1.6100 especially if price able to move consistently above 1.6050. Immediate support is seen around 1.6000. A clear break below that area could trigger further bearish pressure testing 1.5950.