GBPUSD Intra-day Analysis 9th Dec. 2020

Further Advance

Our Pivot: 1.3310

Our Preference: Buy above 1.3365 with strict stop loss of 1.3310 and profit target at 1.3420 with extension towards 1.3440.

Alternate Scenario: Downward penetration of 1.3310 will call for 1.3280 and 1.3265.

NOTE: GBP is bouncing back after getting support from a strong horizontal supportive region and now momentum indicators are in bullish 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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