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 | 1.14261 | 1.14269 | 1.1432 | 1.13908 |
| USDJPY | 162.493 | 162.5 | 162.713 | 162.017 |
| GBPUSD | 1.34011 | 1.3402 | 1.33864 | 1.33218 |
| USDCHF | 0.80785 | 0.80799 | 0.81089 | 0.8063 |
| EURCHF | 0.92305 | 0.92328 | 0.92389 | 0.92093 |
| EURJPY | 185.666 | 185.688 | 185.721 | 184.845 |
| GBPJPY | 217.758 | 217.784 | 217.592 | 216.325 |