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 | 1.14373 | 1.14385 | 1.14527 | 1.1424 |
| USDJPY | 162.353 | 162.458 | 162.523 | 162.126 |
| GBPUSD | 1.34476 | 1.34572 | 1.34898 | 1.34256 |
| USDCHF | 0.80662 | 0.80837 | 0.80977 | 0.80597 |
| EURCHF | 0.92289 | 0.92409 | 0.92663 | 0.92232 |
| EURJPY | 185.719 | 185.813 | 185.974 | 185.472 |
| GBPJPY | 218.362 | 218.62 | 219.047 | 217.982 |