GBPUSD Outlook 19 December, 2016 | December 19, 2016

Gbpusd is forming bullish momentum from the support level. This pair has rejected from support level at 1.2385. So as long as this pair stay above support level, we can look for buy for short time.

RSI indicator is now on oversold area which indicates some reversal signal for this pair. So buyer can look for strong buy price action confirmation.

On the chart, Bat pattern is formed on gbpusd. So this powerful pattern is giving buy signal on this pair. So sellers should take their profit ad buyers need to give concentration to find buy opportunity.


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