GBPUSD Intra-day Analysis 3rd Feb. 2021
Under Pressure
Our Pivot: 1.3710
Our Preference: Short sell below 1.3668 with strict stop loss of 1.3710 and profit target at 1.3622 with extension towards 1.3605.
Alternate Scenario: Upward penetration of 1.3710 will call for 1.3750.
NOTE: GBP have given bearish breakout of its ascending wedge in downward direction on hourly chart and now its heading downward after retesting its trend line.
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 | 1.15685 | 1.15692 | 1.16379 | 1.15466 |
| USDJPY | 154.08 | 154.093 | 154.452 | 152.161 |
| GBPUSD | 1.31534 | 1.31546 | 1.32197 | 1.31159 |
| USDCHF | 0.80232 | 0.80248 | 0.8038 | 0.79746 |
| EURCHF | 0.92816 | 0.92841 | 0.9298 | 0.92626 |
| EURJPY | 178.264 | 178.29 | 178.829 | 176.803 |
| GBPJPY | 202.678 | 202.714 | 203.282 | 200.968 |