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 | 1.16319 | 1.16327 | 1.16558 | 1.16131 |
| USDJPY | 159.906 | 159.915 | 159.951 | 159.566 |
| GBPUSD | 1.34691 | 1.34701 | 1.34823 | 1.34456 |
| USDCHF | 0.78716 | 0.78731 | 0.78851 | 0.78434 |
| EURCHF | 0.91562 | 0.91585 | 0.91625 | 0.91381 |
| EURJPY | 186 | 186.025 | 186.219 | 185.577 |
| GBPJPY | 215.383 | 215.41 | 215.542 | 214.636 |