GBPUSD Intra-day Analysis 1st Feb. 2021

Further Advance

Our Pivot: 1.3690

Our Preference: Buy above 1.3723 with strict stop loss of 1.3690 and profit target at 1.3760 with extension towards 1.3780.

Alternate Scenario: Downward penetration of 1.3690 will call for 1.3657.

NOTE: GBP is caged in an ascending wedge and its moving towards expansion of its bullish correction.

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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