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GBPUSD Daily Forecast: December 07

GBPUSD Daily Forecast: December 07
Friday, December 7th, 2018 @ 4:37 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 bullish momentum yesterday topped at 1.2811 after bounced-off 1.2700 – 1.2660 support area as you can see on my daily chart below. The bias is bullish in nearest term testing 1.2875 key resistance area which is a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area could easily target 1.3000 region. Immediate support is seen around 1.2735. A clear break below that area could lead price to neutral zone in nearest term retesting 1.2700 – 1.2660 key support area which remains a good place to buy with a tight stop loss as a clear break and daily/weekly close below 1.2660 would target 1.2500 or lower. Fundamental focus today will be on the US NFP number.


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