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 | 1.16274 | 1.16282 | 1.16362 | 1.16035 |
| USDJPY | 154.576 | 154.587 | 156.29 | 154.052 |
| GBPUSD | 1.35372 | 1.35383 | 1.35456 | 1.3505 |
| USDCHF | 0.80894 | 0.8091 | 0.81107 | 0.80838 |
| EURCHF | 0.9406 | 0.94084 | 0.94184 | 0.93973 |
| EURJPY | 179.729 | 179.752 | 181.483 | 179.211 |
| GBPJPY | 209.251 | 209.278 | 211.25 | 208.629 |