GBPUSD Intra-day Analysis 11th Dec. 2020

Under Pressure

Our Pivot: 1.3345

Our Preference: Short sell below 1.3324 with strict stop loss of 1.3345 and profit target at 1.3280 with extension towards 1.3264.

Alternate Scenario: Upward penetration of 1.3345 will call for 1.3370 and 1.3400.

NOTE: GBP is being capped by a strong resistant region and hourly momentum indicators are in bearish mode.

Chart with supports & resistances:

Level	1st	2nd	3rd
Supports	0.00	0.00	0.00
Resistances	0.00	0.00	0.00

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