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GBPUSD Daily Forecast: December 02

Thursday, December 1, 2016 19:31
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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday, slipped above the range area as you can see on my H4 chart below but closed lower at 1.2590. The bias is neutral in nearest term, probably with a little bearish bias as we might have a false breakout bearish scenario testing 1.2500 support area but as long as stay above 1.2330 I still prefer a bullish scenario and any downside pullback should be seen as a good opportunity to buy.

gbpusdh4

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  • We can finally see some relief with GDP/USD, but still there is a lot still uncertain and that’s where we must be very careful or else it could cause issues. I go with long term trades and it helps with broker like OctaFX which is very special on all notes having swap free account while there is also daily market updates, zero balance protection, daily market updates, demo contest and a lot more, it’s all so pleasing for anyone and makes profit making easy.

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