GBPUSD Daily Forecast: December 06
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.