GBP/USD Forecast December 5, 2016, Technical Analysis

The GBP/USD pair broke higher during the day on Friday, as we start to approach the 1.27 level yet again. This is an area that I think will break, and once it does we will probably make an attempt to reach the 1.2850 level above. This area is supportive in the past, so it should now be resistive. I am looking for a short-term move higher, and then an opportunity to sell this market on signs of exhaustion in that particular region above. I believe that this reprieve for the British pound will get turned around. - 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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