Pivot (invalidation): 7.8750
Our preference Short positions below 7.8750 with targets at 7.8320 & 7.8100 in extension.
Alternative scenario Above 7.8750 look for further upside with 7.9000 & 7.9230 as targets.
Comment The upward potential is likely to be limited by the resistance at 7.8750.
![](https://www.actionforex.com/wp-content/uploads/2020/12/7-9-600x392.jpg)