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 | 1.15683 | 1.15692 | 1.16379 | 1.15466 |
| USDJPY | 154.084 | 154.095 | 154.452 | 152.161 |
| GBPUSD | 1.31545 | 1.31557 | 1.32197 | 1.31159 |
| USDCHF | 0.80229 | 0.80245 | 0.8038 | 0.79746 |
| EURCHF | 0.92811 | 0.92836 | 0.9298 | 0.92626 |
| EURJPY | 178.264 | 178.287 | 178.829 | 176.803 |
| GBPJPY | 202.692 | 202.724 | 203.282 | 200.968 |