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 | 1.15767 | 1.15774 | 1.15866 | 1.15663 |
| USDJPY | 159.654 | 159.662 | 159.785 | 159.308 |
| GBPUSD | 1.35347 | 1.35356 | 1.35596 | 1.35191 |
| USDCHF | 0.8124 | 0.81254 | 0.81285 | 0.80947 |
| EURCHF | 0.94048 | 0.94072 | 0.9408 | 0.93756 |
| EURJPY | 184.825 | 184.848 | 184.921 | 184.43 |
| GBPJPY | 216.089 | 216.113 | 216.238 | 215.756 |