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 | 1.16313 | 1.16342 | 1.16362 | 1.16256 |
| USDJPY | 159.871 | 159.933 | 159.963 | 159.827 |
| GBPUSD | 1.34575 | 1.34708 | 1.34769 | 1.34546 |
| USDCHF | 0.78637 | 0.78715 | 0.78872 | 0.78585 |
| EURCHF | 0.91513 | 0.91574 | 0.91656 | 0.91474 |
| EURJPY | 185.968 | 186.055 | 186.07 | 185.846 |
| GBPJPY | 215.22 | 215.4 | 215.48 | 215.159 |