GBPUSD Intra-day Analysis 12th Feb. 2021

Under Pressure

Our Pivot: 1.3830

Our Preference: Short sell below 1.3800 with strict stop loss of 1.3830 and profit target at 1.3760 with extension towards 1.3740.

Alternate Scenario: Upward penetration of 1.3830 will call for 1.3870.

NOTE: GBP is being capped by a descending trend line after bearish breakout of its bullish price 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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