GBPUSD Intra-day Analysis 11th Jan. 2021
Under Pressure
Our Pivot: 1.3540
Our Preference: Short sell below 1.3508 with strict stop loss of 1.3540 and profit target at 1.3465 with extension towards 1.3425.
Alternate Scenario: Upward penetration of 1.3540 will call for 1.3580 and 1.3610.
NOTE: GBP is moving in a bearish price channel on hourly chart and it's being capped by strong horizontal resistant region inside this channel.
Chart with supports & resistances:
Technical Levels
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Forex Live Prices
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| EURUSD | 1.05357 | 1.05364 | 1.05552 | 1.05237 |
| USDJPY | 154.307 | 154.319 | 155.498 | 154.27 |
| GBPUSD | 1.26373 | 1.26384 | 1.2665 | 1.26314 |
| USDCHF | 0.88295 | 0.88315 | 0.88522 | 0.882 |
| EURCHF | 0.93025 | 0.9305 | 0.93324 | 0.92982 |
| EURJPY | 162.575 | 162.597 | 163.974 | 162.525 |
| GBPJPY | 194.998 | 195.037 | 196.828 | 194.928 |