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Day trade outlook: Modest upside bias

GBPUSD

A minor Wednesday setback but still holding above the 1.2815/1.2799 support area, to retain upside forces from Monday’s surge up through the November down trend line and also 1.2832 and 1.2878 resistances, to leaves risks higher for Thursday.

  • We see an upside bias for 1.2898; break here quickly aims for 1.2917 and maybe notable 1.2976.
  • But below 1.2815/2799 opens risk up to 1.2768, maybe 1.2749.
by Steve Miley November 14, 2019
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