GBPUSD Intra-day Analysis 3rd May 2021

Under Pressure

Our Pivot: 1.3860

Our Preference: Short sell below 1.3830 with strict stop loss of 1.3860 and profit target at 1.3795 with extension towards 1.3765.

Alternate Scenario: Upward penetration of 1.3860 will call for 1.3900.

NOTE: GBP is being capped by a strong horizontal resistant region.

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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