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GBPUSD Daily Forecast: December 04

GBPUSD Daily Forecast: December 04
Tuesday, December 4th, 2012 @ 4:18 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.6114 and now struggling around the trend line resistance as you can see on my daily chart below. The bias remains bullish in nearest term testing 1.6170 – 1.6200 area but the trend line resistance could be a strong resistance at this phase. Immediate support is seen around 1.6060. A clear break back below that area could lead price to neutral zone in nearest term testing 1.6000.

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