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GBPUSD Daily Forecast: December 07

GBPUSD Daily Forecast: December 07
Thursday, December 7th, 2017 @ 1:16 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3357. The bias is bearish in nearest term testing 1.3330 support area. A clear break and daily close below that area could trigger further bearish pressure testing 1.3220 and the trend line support as you can see on my daily chart below which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.3420. A clear break above that area could lead price to neutral zone in nearest term testing 1.3480 or higher. Overall I remain bullish.

gbpusddaily

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