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GBPUSD Daily Forecast: December 05

GBPUSD Daily Forecast: December 05
Wednesday, December 5th, 2018 @ 5:10 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 was volatile but indecisive yesterday. The bias is neutral in nearest term. Price is now traded at 1.2700 – 1.2660 key support area which is a good place to buy with a tight stop loss as a clear break and daily close below 1.2660 would target 1.2500 or lower. Immediate resistance is seen around 1.2735. A clear break above that area could trigger further bullish pressure testing 1.2775 area but key resistance remains at 1.2875 which remains a good place to sell.

gbpusddaily

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