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 | 1.16316 | 1.16345 | 1.16362 | 1.16256 |
| USDJPY | 159.898 | 159.966 | 159.966 | 159.827 |
| GBPUSD | 1.34591 | 1.34751 | 1.34773 | 1.34546 |
| USDCHF | 0.78649 | 0.78752 | 0.78872 | 0.78585 |
| EURCHF | 0.91518 | 0.91588 | 0.91656 | 0.91474 |
| EURJPY | 185.995 | 186.094 | 186.095 | 185.846 |
| GBPJPY | 215.286 | 215.513 | 215.523 | 215.159 |