GBPUSD Daily Forecast: December 19
GBPUSD Forecast
The GBPUSD attempted to push higher yesterday, topped at 1.2705 but closed lower at 1.2635, printed a bearish pin bar as you can see on my daily chart below. The tweezer bottom and bullish engulfing scenario remains valid but need a clear break above 1.2705 to invalidate the bearish pin bar scenario testing 1.2875 region. Immediate support is seen around 1.2610. A clear break and daily close below that area would challenge 1.2485 key support area 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-19-7
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