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 | 1.13816 | 1.13855 | 1.13868 | 1.13739 |
| USDJPY | 157.299 | 157.386 | 157.403 | 157.18 |
| GBPUSD | 1.3234 | 1.32411 | 1.32459 | 1.32179 |
| USDCHF | 0.82745 | 0.82945 | 0.8297 | 0.82759 |
| EURCHF | 0.94194 | 0.94431 | 0.94575 | 0.94058 |
| EURJPY | 179.038 | 179.181 | 179.192 | 178.805 |
| GBPJPY | 208.188 | 208.389 | 208.43 | 207.891 |