GBPUSD Intra-day Analysis 4th Jan. 2021
Turning Down
Our Pivot: 1.3730
Our Preference: Short sell below 1.3695 with strict stop loss of 1.3730 and profit target at 1.3650 with extension towards 1.3620.
Alternate Scenario: Upward penetration of 1.3730 will call for 1.3780.
NOTE: GBP is being caged in an ascending wedge on hourly chart and right now it's moving downward after facing rejection from resistant trend line of that wedge.
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 | 1.12981 | 1.13075 | 1.13814 | 1.1274 |
| USDJPY | 144.953 | 145.01 | 145.915 | 143.725 |
| GBPUSD | 1.32685 | 1.32723 | 1.33316 | 1.32606 |
| USDCHF | 0.82587 | 0.82731 | 0.83195 | 0.82051 |
| EURCHF | 0.93342 | 0.93514 | 0.93849 | 0.93109 |
| EURJPY | 163.791 | 163.937 | 164.652 | 163.445 |
| GBPJPY | 192.229 | 192.388 | 193.763 | 191.463 |