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 | 1.15667 | 1.15676 | 1.16379 | 1.15466 |
| USDJPY | 154.126 | 154.137 | 154.452 | 152.161 |
| GBPUSD | 1.31522 | 1.31533 | 1.32197 | 1.31159 |
| USDCHF | 0.80239 | 0.80254 | 0.8038 | 0.79746 |
| EURCHF | 0.9281 | 0.92834 | 0.9298 | 0.92626 |
| EURJPY | 178.287 | 178.313 | 178.829 | 176.803 |
| GBPJPY | 202.708 | 202.74 | 203.282 | 200.968 |