GBPUSD Daily Forecast: December 06
By swibowo | December 6, 2012 6:49 PM EST
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.