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 | 1.12386 | 1.12396 | 1.12433 | 1.11828 |
| USDJPY | 157.973 | 158.015 | 158.435 | 157.757 |
| GBPUSD | 1.33212 | 1.33383 | 1.32508 | 1.32053 |
| USDCHF | 0.82391 | 0.82448 | 0.83198 | 0.82825 |
| EURCHF | 0.92602 | 0.92629 | 0.93298 | 0.93217 |
| EURJPY | 177.54 | 177.605 | 177.883 | 176.89 |
| GBPJPY | 210.471 | 210.593 | 209.76 | 208.634 |