GBPUSD Intra-day Analysis 29th Dec. 2020

Under Pressure

Our Pivot: 1.3535

Our Preference: Short sell below 1.3507 with strict stop loss of 1.3535 and profit target at 1.3432 with extension towards 1.3400.

Alternate Scenario: Upward penetration of 1.3535 will call for 1.3580.

NOTE: GBP is being capped by a descending trend.

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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