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GBPUSD Daily Forecast: December 01

Wednesday, November 30, 2016 19:17
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GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.2419 but closed higher at 1.2505 and hit 1.2540 earlier today. The bias is neutral in nearest term. As you can see on my H4 chart below price has been moving inside a range area and we need a clear break from the range area to see clearer direction. As long as stay above 1.2330 I still prefer a bullish scenario. Immediate resistance is seen around 1.2600 followed by 1.2670. Immediate support is seen around 1.2470 followed by 1.2420.

gbpusdh4

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