GBPUSD Intra-day Analysis 8th Dec. 2020
Under Pressure
Our Pivot: 1.3410
Our Preference: Short sell below 1.3365 with strict stop loss of 1.3410 and profit target at 1.3285 with extension towards 1.3250.
Alternate Scenario: Upward penetration of 1.3410 will call for 1.3440.
NOTE: GBP is being capped by descending trend line along with a major horizontal resistant region.
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 | 1.17885 | 1.17894 | 1.17919 | 1.17804 |
| USDJPY | 154.738 | 154.751 | 154.843 | 154.614 |
| GBPUSD | 1.34943 | 1.34958 | 1.35123 | 1.34847 |
| USDCHF | 0.77249 | 0.77265 | 0.77431 | 0.77131 |
| EURCHF | 0.91062 | 0.91093 | 0.91237 | 0.90899 |
| EURJPY | 182.421 | 182.452 | 182.51 | 182.265 |
| GBPJPY | 208.805 | 208.848 | 209.066 | 208.625 |