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 | 1.16951 | 1.16958 | 1.17092 | 1.16504 |
| USDJPY | 147.022 | 147.03 | 147.411 | 146.756 |
| GBPUSD | 1.35081 | 1.35095 | 1.35215 | 1.3446 |
| USDCHF | 0.80011 | 0.80033 | 0.80375 | 0.7985 |
| EURCHF | 0.93578 | 0.93603 | 0.93809 | 0.93398 |
| EURJPY | 171.944 | 171.967 | 172.024 | 171.231 |
| GBPJPY | 198.596 | 198.628 | 198.684 | 197.934 |