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GBPUSD Daily Forecast: December 18

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term but as long as stay above 1.2485/77 the tweezer bottom and bullish engulfing scenario remains valid. Key resistance is seen around 1.2700. A clear break above that area would confirm the bullish correction scenario testing 1.2875 region this week. Immediate support is seen around 1.2590. A clear break below that area could trigger further bearish pressure testing 1.2530 area but key support remains at 1.2485/77 region which need to be clearly broken to the downside to invalidate the tweezer bottom and bullish engulfing scenario and resume the major bearish trend.


Source: https://fxinstructor.com/blog/gbpusd-daily-forecast-december-18-6



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