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 | 1.16076 | 1.16086 | 1.16251 | 1.16024 |
| USDJPY | 159.909 | 159.916 | 159.936 | 159.635 |
| GBPUSD | 1.35452 | 1.35461 | 1.35601 | 1.35376 |
| USDCHF | 0.80926 | 0.80943 | 0.81009 | 0.80656 |
| EURCHF | 0.93938 | 0.93962 | 0.94006 | 0.93795 |
| EURJPY | 185.616 | 185.639 | 185.709 | 185.42 |
| GBPJPY | 216.597 | 216.62 | 216.632 | 216.299 |