GBPUSD Intra-day Analysis 27th Jan. 2021

Turning Down

Our Pivot: 1.3760

Our Preference: Short sell below 1.3740 with strict stop loss of 1.3760 and profit target at 1.3700 with extension towards 1.3680.

Alternate Scenario: Upward penetration of 1.3760 will call for 1.3810.

NOTE: GBP is caged in an ascending wedge and after facing rejection from resistant trend line this wedge its coming down.

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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