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 | 1.1426 | 1.14268 | 1.1432 | 1.13908 |
| USDJPY | 162.503 | 162.511 | 162.713 | 162.017 |
| GBPUSD | 1.34006 | 1.34015 | 1.33864 | 1.33218 |
| USDCHF | 0.80784 | 0.808 | 0.81089 | 0.8063 |
| EURCHF | 0.92305 | 0.92327 | 0.92389 | 0.92093 |
| EURJPY | 185.674 | 185.696 | 185.724 | 184.845 |
| GBPJPY | 217.759 | 217.79 | 217.592 | 216.325 |