GBPUSD Intra-day Analysis 1st Mar. 2021
Under Pressure
Our Pivot: 1.4035
Our Preference: Short Sell below 1.3990 with strict stop loss of 1.4035 and profit target at 1.3945 with extension towards 1.3910.
Alternate Scenario: Upward penetration of 1.4035 will call for 1.4060 and 1.4089.
NOTE: GBP have given bearish breakout of its bullish price channel and right now its being capped by supportive trend line of previous channel.
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 | 1.17113 | 1.17122 | 1.17449 | 1.16526 |
| USDJPY | 144.273 | 144.283 | 145.298 | 143.751 |
| GBPUSD | 1.37268 | 1.37281 | 1.37658 | 1.36513 |
| USDCHF | 0.79896 | 0.79913 | 0.80618 | 0.79799 |
| EURCHF | 0.9357 | 0.93596 | 0.94031 | 0.93567 |
| EURJPY | 168.969 | 168.988 | 169.419 | 168.549 |
| GBPJPY | 198.046 | 198.073 | 198.62 | 197.69 |