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 | 1.16264 | 1.16359 | 1.16558 | 1.16131 |
| USDJPY | 159.855 | 159.939 | 159.951 | 159.566 |
| GBPUSD | 1.34626 | 1.34709 | 1.34823 | 1.34456 |
| USDCHF | 0.78625 | 0.78811 | 0.78851 | 0.78434 |
| EURCHF | 0.91499 | 0.91651 | 0.91625 | 0.91381 |
| EURJPY | 185.911 | 186.037 | 186.219 | 185.577 |
| GBPJPY | 215.228 | 215.423 | 215.542 | 214.636 |