GBPUSD Intra-day Analysis 31st Dec. 2020

Turning Down

Our Pivot: 1.3650

Our Preference: Short sell below 1.3625 with strict stop loss of 1.3650 and profit target at 1.3570 with extension towards 1.3520.

Alternate Scenario: Upward penetration of 1.3650 will call for 1.3695.

NOTE: GBP is being capped by a horizontal resistant region and hourly momentum indicators have lost strength.

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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