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 | 1.16264 | 1.16359 | 1.16558 | 1.16131 |
| USDJPY | 159.853 | 159.937 | 159.951 | 159.566 |
| GBPUSD | 1.34628 | 1.34704 | 1.34823 | 1.34456 |
| USDCHF | 0.78663 | 0.78849 | 0.78851 | 0.78434 |
| EURCHF | 0.91499 | 0.91651 | 0.91625 | 0.91381 |
| EURJPY | 185.908 | 186.031 | 186.219 | 185.577 |
| GBPJPY | 215.222 | 215.417 | 215.542 | 214.636 |