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 analysing GBP/USD for Wednesdayto Dec. 11, 2019



GBP/USD Intraday: key resistance at 1.3160.
Pivot: 1.3160

Our preference: short positions below 1.3160 with targets at 1.3105 & 1.3085 in extension.

Alternative scenario: above 1.3160 look for further upside with 1.3185 & 1.3215 as targets.

Comment: as long as the resistance at 1.3160 is not surpassed, the risk of the break below 1.3105 remains high.


Supports and resistances:

1.3215
1.3185
1.3160
1.3132 Last
1.3105
1.3085
1.3070
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