Under Pressure
Our Pivot: 1.1945
Our Preference: Short sell GBPUSD below 1.1920 with strict stop loss of 1.1945 and profit target at 1.1880 and 1.1850.
Alternate Scenario: Upward penetration of 1.1945 will call for 1.2000.
NOTE: GBP is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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