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 | 1.16078 | 1.16085 | 1.16251 | 1.16024 |
| USDJPY | 159.907 | 159.915 | 159.936 | 159.635 |
| GBPUSD | 1.35452 | 1.35462 | 1.35601 | 1.35376 |
| USDCHF | 0.80926 | 0.80942 | 0.81009 | 0.80656 |
| EURCHF | 0.93938 | 0.93962 | 0.94006 | 0.93795 |
| EURJPY | 185.614 | 185.637 | 185.709 | 185.42 |
| GBPJPY | 216.6 | 216.623 | 216.632 | 216.299 |