GBPUSD Daily Forecast: December 05

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By swibowo | December 5, 2013 6:21 PM EST

Fx Instructor

GBPUSD Forecast

The GBPUSD had another indecisive movement yesterday. Overall, price is still moving sideways between 1.6442 – 1.6321 since Monday without clear direction and momentum. We need a clear break from the range area to see clearer direction. A clear break above 1.6442 could trigger further bullish pressure testing 1.6500 or higher. On the other hand, a clear break below 1.6321 could trigger further bearish pressure testing 1.6250.

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