GBPUSD Intra-day Analysis 3rd Feb. 2021
Under Pressure
Our Pivot: 1.3710
Our Preference: Short sell below 1.3668 with strict stop loss of 1.3710 and profit target at 1.3622 with extension towards 1.3605.
Alternate Scenario: Upward penetration of 1.3710 will call for 1.3750.
NOTE: GBP have given bearish breakout of its ascending wedge in downward direction on hourly chart and now its heading downward after retesting its trend line.
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 | 1.16074 | 1.16083 | 1.16251 | 1.16024 |
| USDJPY | 159.92 | 159.928 | 159.936 | 159.635 |
| GBPUSD | 1.35452 | 1.35461 | 1.35601 | 1.35376 |
| USDCHF | 0.80923 | 0.80943 | 0.81009 | 0.80656 |
| EURCHF | 0.93935 | 0.93958 | 0.94006 | 0.93795 |
| EURJPY | 185.624 | 185.643 | 185.709 | 185.42 |
| GBPJPY | 216.614 | 216.637 | 216.639 | 216.299 |