GBPUSD Daily Forecast: December 18

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By swibowo | December 18, 2013 7:49 PM EST

Fx Instructor

GBPUSD Forecast

The GBPUSD attempted to push lower yesterday bottomed at 1.6216 but closed higher at 1.6262. The bias is neutral in nearest term. Important intraday range to be closely watched is seen between 1.6350 – 1.6216. Price is in a critical technical point now. A clear break and consistent movement below 1.6259 could be a threat to the bullish outlook testing 1.6000. On the upside, a clear break above 1.6350 would give the bullish scenario another chance testing 1.6400 – 1.6500.

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