GBPUSD Intra-day Analysis 23rd Feb. 2021
Caution
Our Pivot: 1.4035
Our Preference: Buy above 1.4065 with strict stop loss of 1.4035 and profit target at 1.4102 with extension towards 1.4125.
Alternate Scenario: Downward penetration of 1.4035 will call for 1.3975.
NOTE: GBP have created a rising wedge inside its bullish price channel therefore its needs to be very cautious with long positions.
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 | 1.17108 | 1.17116 | 1.17449 | 1.16526 |
| USDJPY | 144.33 | 144.339 | 145.298 | 143.751 |
| GBPUSD | 1.37225 | 1.37237 | 1.37658 | 1.36513 |
| USDCHF | 0.79939 | 0.79961 | 0.80618 | 0.79799 |
| EURCHF | 0.93621 | 0.93645 | 0.94031 | 0.93612 |
| EURJPY | 169.022 | 169.044 | 169.419 | 168.549 |
| GBPJPY | 198.055 | 198.086 | 198.62 | 197.69 |