GBPUSD Daily Forecast: December 13
GBPUSD Forecast
The GBPUSD failed to continue its bearish momentum yesterday, topped at 1.2671 and printed two important bullish patterns. The first one is a tweezer bottom formation at 1.2485. The second one is a bullish engulfing pattern as you can see on my daily chart below. Although the major trend remains bearish, those two bullish patterns should not be underestimated. The bias is bullish in nearest term testing 1.2700 key resistance area. A clear break and daily close above that area would retest 1.2875 region. Immediate support is seen around 1.2560. A clear break back below that area could lead price to neutral zone in nearest term retesting 1.2485 key support which need to be clearly broken to the downside to resume the major bearish trend.
Source: https://fxinstructor.com/blog/gbpusd-daily-forecast-december-13-7
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