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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Analysis of GBP/USD for December 12, 2018

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Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2476. Anyway, according to the M15 time frame, I found a fake breakout of yesterday's low at the price of 1.2480, which is a sign that selling looks risky. I also found that the price is trading above the daily pivot (1.2534), which is another sign of the strength. Watch for buying opportunities. The upward targets are set at the price of 1.2587 and 1.2638.

The material has been provided by InstaForex Company - www.instaforex.com