GBPUSD Intra-day Analysis 4th Jan. 2021
Turning Down
Our Pivot: 1.3730
Our Preference: Short sell below 1.3695 with strict stop loss of 1.3730 and profit target at 1.3650 with extension towards 1.3620.
Alternate Scenario: Upward penetration of 1.3730 will call for 1.3780.
NOTE: GBP is being caged in an ascending wedge on hourly chart and right now it's moving downward after facing rejection from resistant trend line of that wedge.
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 | 1.16945 | 1.16955 | 1.17092 | 1.16504 |
| USDJPY | 147.023 | 147.032 | 147.411 | 146.756 |
| GBPUSD | 1.35074 | 1.35086 | 1.35215 | 1.3446 |
| USDCHF | 0.80017 | 0.80036 | 0.80375 | 0.7985 |
| EURCHF | 0.93577 | 0.93603 | 0.93809 | 0.93398 |
| EURJPY | 171.934 | 171.961 | 172.024 | 171.231 |
| GBPJPY | 198.589 | 198.619 | 198.684 | 197.934 |