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 | 1.1436 | 1.14367 | 1.14956 | 1.14045 |
| USDJPY | 143.76 | 143.769 | 143.977 | 142.529 |
| GBPUSD | 1.35806 | 1.35819 | 1.36173 | 1.35397 |
| USDCHF | 0.82049 | 0.82066 | 0.82161 | 0.8171 |
| EURCHF | 0.93838 | 0.93859 | 0.94009 | 0.93317 |
| EURJPY | 164.404 | 164.426 | 164.685 | 162.879 |
| GBPJPY | 195.233 | 195.266 | 195.51 | 193.242 |