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GBPUSD Daily Forecast: December 06

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GBPUSD Forecast
The GBPUSD had another volatile but indecisive movement yesterday. The bias remains neutral in nearest term. Key support remains at 1.2700 – 1.2260 region which remains 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 1.2760. A clear break above that area could trigger further bullish pressure testing 1.2800 area but key resistance remains at 1.2875 which remains a good place to sell.

gbpusddaily



Source: https://fxinstructor.com/blog/gbpusd-daily-forecast-december-06-7
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