GBPUSD Daily Forecast: December 03

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By swibowo | December 3, 2013 7:49 PM EST

Fx Instructor

GBPUSD Forecast

The GBPUSD attempted to push higher yesterday topped at 1.6442 but closed lower at 1.6354, formed a shooting star formation as you can see on my daily chart below. The bias remains bullish in nearest term and as long as stays above 1.6300 I still prefer a bullish scenario at this phase with nearest target seen around 1.6500, but we can not ignore the shooting star bearish warning. Immediate support is seen around 1.6340. A clear break below that area could trigger further bearish pressure testing 1.6300.

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