GBPUSD Daily Forecast: December 13

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By swibowo | December 13, 2013 2:49 PM EST

Fx Instructor

GBPUSD Forecast

The GBPUSD was indecisive yesterday but overall still able to maintain its bearish correction bias so far. The bias remains bearish in nearest term testing 1.6300 – 1.6250 key support area. I still prefer a bullish scenario at this phase, but a clear break and daily/weekly close below 1.6300 – 1.6250 could be a threat to the bullish outlook. Immediate resistance is seen around 1.6370. A clear break above that area could lead price to neutral zone in nearest term testing 1.6400 and give the bullish scenario another chance testing 1.6500.

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