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:

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

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