GBPUSD Intra-day Analysis 23rd Feb. 2021
Caution
Our Pivot: 1.4035
Our Preference: Buy above 1.4065 with strict stop loss of 1.4035 and profit target at 1.4102 with extension towards 1.4125.
Alternate Scenario: Downward penetration of 1.4035 will call for 1.3975.
NOTE: GBP have created a rising wedge inside its bullish price channel therefore its needs to be very cautious with long positions.
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 | 1.16945 | 1.16954 | 1.17092 | 1.16504 |
| USDJPY | 147.019 | 147.028 | 147.411 | 146.756 |
| GBPUSD | 1.35064 | 1.35078 | 1.35215 | 1.3446 |
| USDCHF | 0.80018 | 0.80036 | 0.80375 | 0.7985 |
| EURCHF | 0.93578 | 0.93603 | 0.93809 | 0.93398 |
| EURJPY | 171.929 | 171.955 | 172.024 | 171.231 |
| GBPJPY | 198.571 | 198.598 | 198.684 | 197.934 |