GBPUSD Daily Forecast: December 08
GBPUSD Forecast:
The GBPUSD made indecisive movement yesterday, formed a Doji on daily chart. As you can see on my daily chart below, price attempted to push lower, slipped below my trendline support (blue), bottomed at 1.6312 but further bearish pressure was rejected as the pair closed much higher at 1.6453 and now back above the trendline support. I think we are in no trading zone as direction is unclear for me. Immediate resistance at 1.6500 followed by 1.6600. Initial support at 1.6400 followed by 1.6312 (yesterday’s low).
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GBPUSD Daily Forecast: December 08
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