GBPUSD Intra-day Analysis 4th Jan. 2021
Turning Down
Our Pivot: 1.3730
Our Preference: Short sell below 1.3695 with strict stop loss of 1.3730 and profit target at 1.3650 with extension towards 1.3620.
Alternate Scenario: Upward penetration of 1.3730 will call for 1.3780.
NOTE: GBP is being caged in an ascending wedge on hourly chart and right now it's moving downward after facing rejection from resistant trend line of that wedge.
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 | 1.17886 | 1.17896 | 1.17919 | 1.17804 |
| USDJPY | 154.725 | 154.738 | 154.843 | 154.614 |
| GBPUSD | 1.3495 | 1.34968 | 1.35123 | 1.34847 |
| USDCHF | 0.77247 | 0.77266 | 0.77431 | 0.77131 |
| EURCHF | 0.91061 | 0.91093 | 0.91237 | 0.90899 |
| EURJPY | 182.403 | 182.433 | 182.51 | 182.265 |
| GBPJPY | 208.793 | 208.841 | 209.066 | 208.625 |