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 | 1.11733 | 1.11744 | 1.12663 | 1.11758 |
| USDJPY | 146.739 | 146.751 | 147.673 | 145.612 |
| GBPUSD | 1.32645 | 1.32657 | 1.33608 | 1.32698 |
| USDCHF | 0.84212 | 0.84228 | 0.84258 | 0.83232 |
| EURCHF | 0.94093 | 0.94118 | 0.94229 | 0.93733 |
| EURJPY | 163.956 | 163.984 | 165.177 | 163.725 |
| GBPJPY | 194.646 | 194.669 | 196.436 | 194.227 |