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 | 1.14259 | 1.14268 | 1.1432 | 1.13908 |
| USDJPY | 162.503 | 162.511 | 162.713 | 162.017 |
| GBPUSD | 1.34005 | 1.34014 | 1.33864 | 1.33218 |
| USDCHF | 0.80784 | 0.808 | 0.81089 | 0.8063 |
| EURCHF | 0.92305 | 0.92327 | 0.92389 | 0.92093 |
| EURJPY | 185.674 | 185.696 | 185.724 | 184.845 |
| GBPJPY | 217.763 | 217.787 | 217.592 | 216.325 |