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:
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 | 1.16272 | 1.16335 | 1.16558 | 1.16131 |
| USDJPY | 159.855 | 159.942 | 159.951 | 159.566 |
| GBPUSD | 1.34609 | 1.3471 | 1.34823 | 1.34456 |
| USDCHF | 0.78628 | 0.78814 | 0.78851 | 0.78434 |
| EURCHF | 0.91497 | 0.9165 | 0.91625 | 0.91381 |
| EURJPY | 185.89 | 186.027 | 186.219 | 185.577 |
| GBPJPY | 215.203 | 215.433 | 215.542 | 214.636 |