news 6000 » GBPUSD Daily Forecast: December 04

GBPUSD Daily Forecast: December 04

GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.5158 on broad US Dollar weakness after ECB extends its QE programme until March 2017 or beyond. The bias is bullish in nearest term targeting 1.5200 and the trend line resistance area which is a good place to sell with a tight stop loss above the trend line resistance as you can see on my H1 chart below. Immediate support is seen around 1.5070. A clear break below that area could lead price to neutral zone in nearest term testing 1.5000 region. Fundamental focus today will be on the US NFP number. My major technical outlook is neutral.

gbpusdh1


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