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:

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Technical Levels

Level 1st 2nd 3rd
Supports0.000.000.00
Resistances0.000.000.00

Forex Live Prices

TickerBidAskHighLow
EURUSD1.171631.17233 1.17546 1.16806
USDJPY144.623144.658 144.95 144.173
GBPUSD1.371641.37202 1.37534 1.36826
USDCHF0.798080.79947 0.80191 0.79567
EURCHF0.935020.93696 0.93821 0.93404
EURJPY169.421169.562 169.817 168.621
GBPJPY198.389198.629 198.828 198.009


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