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Bias stays higher

GBPUSD

A Monday consolidation after Friday’s dip just below 1.2882 support but to rebound quickly from 1.2879, to retain upside pressures from last Wednesday’s push above 1.2912 and 1.2928 resistances, to keep risks higher for Tuesday.

  • We see an upside bias for 1.2950/51; break here aims for 1.2970 and 1.298, maybe even key 1.3013.
  • But below 1.2882/79 opens risk down to 1.2827/23.
by Steve Miley December 3, 2019
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