GBPUSD Intra-day Analysis 18th Dec. 2020

Turning Down

Our Pivot: 1.3587

Our Preference: Short sell below 1.3545 with strict stop loss of 1.3587 and profit target at 1.3485 with extension towards 1.3460.

Alternate Scenario: Upward penetration of 1.3587 will call for 1.3630.

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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