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 | 1.13884 | 1.13894 | 1.13951 | 1.13819 |
| USDJPY | 163.801 | 163.812 | 163.887 | 163.729 |
| GBPUSD | 1.32905 | 1.32916 | 1.33018 | 1.32764 |
| USDCHF | 0.81931 | 0.81948 | 0.82011 | 0.81747 |
| EURCHF | 0.93307 | 0.93332 | 0.93343 | 0.93179 |
| EURJPY | 186.545 | 186.571 | 186.709 | 186.451 |
| GBPJPY | 217.7 | 217.724 | 217.886 | 217.481 |