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 | 1.11666 | 1.11673 | 1.12663 | 1.11758 |
| USDJPY | 146.873 | 146.88 | 147.673 | 145.612 |
| GBPUSD | 1.3257 | 1.32587 | 1.33608 | 1.32698 |
| USDCHF | 0.84275 | 0.84291 | 0.84258 | 0.83232 |
| EURCHF | 0.94106 | 0.9413 | 0.94229 | 0.93733 |
| EURJPY | 164.007 | 164.026 | 165.177 | 163.725 |
| GBPJPY | 194.71 | 194.74 | 196.436 | 194.227 |