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 | 1.16986 | 1.16994 | 1.17449 | 1.16526 |
| USDJPY | 144.414 | 144.422 | 145.298 | 143.751 |
| GBPUSD | 1.371 | 1.37115 | 1.37658 | 1.36513 |
| USDCHF | 0.80081 | 0.80101 | 0.80618 | 0.79799 |
| EURCHF | 0.93691 | 0.93711 | 0.94031 | 0.93632 |
| EURJPY | 168.942 | 168.964 | 169.419 | 168.549 |
| GBPJPY | 197.993 | 198.018 | 198.62 | 197.69 |