GBPUSD Intra-day Analysis 11th Feb. 2021

Turning Down

Our Pivot: 1.3870

Our Preference: Short sell below 1.3850 with strict stop loss of 1.3870 and profit target at 1.3825 with extension towards 1.3810.

Alternate Scenario: Upward penetration of 1.3870 will call for 1.3910.

NOTE: GBP is being trying to penetrate below an ascending trend line and momentum indicators have changed their direction towards bearish side.

Chart with supports & resistances:

Level	1st	2nd	3rd
Supports	0.00	0.00	0.00
Resistances	0.00	0.00	0.00

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