GBPUSD Intra-day Analysis 8th Dec. 2020
Under Pressure
Our Pivot: 1.3410
Our Preference: Short sell below 1.3365 with strict stop loss of 1.3410 and profit target at 1.3285 with extension towards 1.3250.
Alternate Scenario: Upward penetration of 1.3410 will call for 1.3440.
NOTE: GBP is being capped by descending trend line along with a major horizontal resistant region.
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 | 1.05344 | 1.05351 | 1.05552 | 1.05237 |
| USDJPY | 154.177 | 154.189 | 155.498 | 154.145 |
| GBPUSD | 1.26365 | 1.26375 | 1.2665 | 1.26287 |
| USDCHF | 0.88272 | 0.88294 | 0.88522 | 0.882 |
| EURCHF | 0.92993 | 0.93015 | 0.93324 | 0.92981 |
| EURJPY | 162.419 | 162.441 | 163.974 | 162.37 |
| GBPJPY | 194.825 | 194.859 | 196.828 | 194.691 |