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 | 1.15768 | 1.15775 | 1.15866 | 1.15663 |
| USDJPY | 159.654 | 159.662 | 159.785 | 159.308 |
| GBPUSD | 1.3535 | 1.3536 | 1.35596 | 1.35191 |
| USDCHF | 0.81242 | 0.81257 | 0.81285 | 0.80947 |
| EURCHF | 0.94053 | 0.94077 | 0.9408 | 0.93756 |
| EURJPY | 184.825 | 184.848 | 184.921 | 184.43 |
| GBPJPY | 216.092 | 216.117 | 216.238 | 215.756 |