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 | 1.16304 | 1.16313 | 1.16558 | 1.16131 |
| USDJPY | 159.929 | 159.942 | 159.951 | 159.566 |
| GBPUSD | 1.34667 | 1.34683 | 1.34823 | 1.34456 |
| USDCHF | 0.7871 | 0.78724 | 0.78851 | 0.78434 |
| EURCHF | 0.91544 | 0.91565 | 0.91625 | 0.91381 |
| EURJPY | 186.003 | 186.039 | 186.219 | 185.577 |
| GBPJPY | 215.369 | 215.405 | 215.542 | 214.636 |