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 | 1.12558 | 1.12566 | 1.12642 | 1.12529 |
| USDJPY | 158.234 | 158.243 | 158.25 | 158.051 |
| GBPUSD | 1.32692 | 1.32705 | 1.3284 | 1.32575 |
| USDCHF | 0.83209 | 0.83226 | 0.83291 | 0.8307 |
| EURCHF | 0.9366 | 0.93685 | 0.93717 | 0.93451 |
| EURJPY | 178.104 | 178.133 | 178.15 | 177.918 |
| GBPJPY | 209.962 | 209.999 | 210.055 | 209.695 |