GBPUSD Intra-day Analysis 23rd Feb. 2021

Caution

Our Pivot: 1.4035

Our Preference: Buy above 1.4065 with strict stop loss of 1.4035 and profit target at 1.4102 with extension towards 1.4125.

Alternate Scenario: Downward penetration of 1.4035 will call for 1.3975.

NOTE: GBP have created a rising wedge inside its bullish price channel therefore its needs to be very cautious with long positions.

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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