GBPUSD Intra-day Analysis 1st Mar. 2021
Under Pressure
Our Pivot: 1.4035
Our Preference: Short Sell below 1.3990 with strict stop loss of 1.4035 and profit target at 1.3945 with extension towards 1.3910.
Alternate Scenario: Upward penetration of 1.4035 will call for 1.4060 and 1.4089.
NOTE: GBP have given bearish breakout of its bullish price channel and right now its being capped by supportive trend line of previous 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 | 1.1607 | 1.16079 | 1.16251 | 1.16024 |
| USDJPY | 159.921 | 159.929 | 159.936 | 159.635 |
| GBPUSD | 1.35439 | 1.35448 | 1.35601 | 1.35376 |
| USDCHF | 0.80929 | 0.80947 | 0.81009 | 0.80656 |
| EURCHF | 0.93937 | 0.93961 | 0.94006 | 0.93795 |
| EURJPY | 185.619 | 185.64 | 185.709 | 185.42 |
| GBPJPY | 216.595 | 216.619 | 216.639 | 216.299 |