GBPUSD Daily Forecast: December 16

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By swibowo | December 16, 2013 6:21 PM EST

Fx Instructor

GBPUSD Forecast

The GBPUSD attempted to push higher last week, topped at 1.6465 but whipsawed to the downside and closed at 1.6295. The bias is bearish in nearest term testing 1.6259 key support. A clear break and daily close below that area could be a threat to the bullish outlook testing 1.6000. Immediate resistance is seen around 1.6320. A clear break above that area could lead price to neutral zone in nearest term testing 1.6350 – 1.6400.

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