Pivot (invalidation): 7.8470
Our preference Short positions below 7.8470 with targets at 7.7780 & 7.7470 in extension.
Alternative scenario Above 7.8470 look for further upside with 7.8720 & 7.9100 as targets.
Comment A break below 7.7780 would trigger a drop towards 7.7470.
![](https://www.actionforex.com/wp-content/uploads/2020/12/7-6-600x392.jpg)