GBPUSD Daily Forecast: December 20

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By swibowo | December 20, 2013 5:49 PM EST

Fx Instructor

GBPUSD Forecast

The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. A quick look at the 4 hour chart suggests a sideways condition between 1.6465/85 – 1.6215. We need a break from that range area to see clearer direction. Immediate resistance is see around 1.6385. A clear break above that area could trigger further bullish pressure testing 1.6430 or higher. Immediate support is seen around 1.6335. A clear break below that area could trigger further bearish pressure testing 1.6300 – 1.6259/15.

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