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 | 1.16282 | 1.1629 | 1.16362 | 1.16035 |
| USDJPY | 154.536 | 154.547 | 156.29 | 154.052 |
| GBPUSD | 1.3538 | 1.3539 | 1.35456 | 1.3505 |
| USDCHF | 0.80884 | 0.80899 | 0.81107 | 0.80838 |
| EURCHF | 0.94053 | 0.94076 | 0.94184 | 0.93973 |
| EURJPY | 179.696 | 179.72 | 181.483 | 179.211 |
| GBPJPY | 209.216 | 209.243 | 211.25 | 208.629 |