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GBP/USD analysis for Thursdayto Nov. 7, 2019



GBP/USD Intraday: key resistance at 1.2870.
Pivot: 1.2870

Our preference: short positions below 1.2870 with targets at 1.2820 & 1.2805 in extension.

Alternative scenario: above 1.2870 look for further upside with 1.2890 & 1.2910 as targets.

Comment: as long as 1.2870 is resistance, look for choppy price action with a bearish bias. The pair is trading in a bearish channel.

Supports and resistances:

1.2910
1.2890
1.2870
1.2851 Last
1.2820
1.2805
1.2790

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