GBPUSD Intra-day Analysis 1st Mar. 2021
Under Pressure
Our Pivot: 1.4035
Our Preference: Short Sell below 1.3990 with strict stop loss of 1.4035 and profit target at 1.3945 with extension towards 1.3910.
Alternate Scenario: Upward penetration of 1.4035 will call for 1.4060 and 1.4089.
NOTE: GBP have given bearish breakout of its bullish price channel and right now its being capped by supportive trend line of previous channel.
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 | 1.15685 | 1.15693 | 1.16379 | 1.15466 |
| USDJPY | 154.078 | 154.09 | 154.452 | 152.161 |
| GBPUSD | 1.31555 | 1.31567 | 1.32197 | 1.31159 |
| USDCHF | 0.80231 | 0.80247 | 0.8038 | 0.79746 |
| EURCHF | 0.92816 | 0.9284 | 0.9298 | 0.92626 |
| EURJPY | 178.263 | 178.286 | 178.829 | 176.803 |
| GBPJPY | 202.703 | 202.735 | 203.282 | 200.968 |