GBPUSD Intra-day Analysis 8th Dec. 2020
Under Pressure
Our Pivot: 1.3410
Our Preference: Short sell below 1.3365 with strict stop loss of 1.3410 and profit target at 1.3285 with extension towards 1.3250.
Alternate Scenario: Upward penetration of 1.3410 will call for 1.3440.
NOTE: GBP is being capped by descending trend line along with a major horizontal resistant region.
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 | 1.16974 | 1.16982 | 1.17449 | 1.16526 |
| USDJPY | 144.433 | 144.442 | 145.298 | 143.751 |
| GBPUSD | 1.37101 | 1.37116 | 1.37658 | 1.36513 |
| USDCHF | 0.80072 | 0.80093 | 0.80618 | 0.79799 |
| EURCHF | 0.93668 | 0.93693 | 0.94031 | 0.93632 |
| EURJPY | 168.945 | 168.97 | 169.419 | 168.549 |
| GBPJPY | 198.022 | 198.046 | 198.62 | 197.69 |