GBPUSD Intra-day Analysis 3rd Feb. 2021
Under Pressure
Our Pivot: 1.3710
Our Preference: Short sell below 1.3668 with strict stop loss of 1.3710 and profit target at 1.3622 with extension towards 1.3605.
Alternate Scenario: Upward penetration of 1.3710 will call for 1.3750.
NOTE: GBP have given bearish breakout of its ascending wedge in downward direction on hourly chart and now its heading downward after retesting its trend line.
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 | 1.05343 | 1.05349 | 1.05552 | 1.05237 |
| USDJPY | 154.533 | 154.544 | 155.498 | 154.403 |
| GBPUSD | 1.26398 | 1.26408 | 1.2665 | 1.26314 |
| USDCHF | 0.88332 | 0.88352 | 0.88522 | 0.882 |
| EURCHF | 0.93053 | 0.93077 | 0.93324 | 0.92982 |
| EURJPY | 162.788 | 162.811 | 163.974 | 162.553 |
| GBPJPY | 195.328 | 195.357 | 196.828 | 195.107 |