GBPUSD Daily Forecast: December 06

  • Rate this Story
  • 0
  • 0

By swibowo | December 6, 2012 6:49 PM EST

Fx Instructor

GBPUSD Forecast

The GBPUSD had another indecisive movement yesterday. The bias is neutral in nearest term. Price is still struggling around the trend line resistance. Immediate support is seen around 1.6080. A clear break below that area could trigger further bearish pressure testing 1.6050/00 which could create another false trend line breakout bearish scenario. Immediate resistance is seen around 1.6100/15. A clear break above that area would keep the intraday bullish bias remains strong testing 1.6170 – 1.6200.

  • Rate this Story
  • 0
  • 0
For more forex information, go to FxInstructor.com.

Join the Conversation

IBTimes TV
E-Newsletters

We value your privacy. Your email address will not be shared.