GBP/USD Forecast December 12, 2016, Technical Analysis

The GBP/USD pair had a very quiet session on Friday, as we essentially continue to do nothing. I do recognize that there is a significant amount of resistance above the 1.2850 level, and I consider that to be the “ceiling” in this pair. I do think that we will rollover given enough times on simply looking for selling opportunity. Right now, I don’t see one, but a nice exhausted candle or an impulsive red candle would have me doing just that as I feel we need to retest the 1.20 level again for support. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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