GBPUSD Intra-day Analysis 6th Jan. 2021

Under Pressure

Our Pivot: 1.3670

Our Preference: Short sell below 1.3635 with strict stop loss of 1.3670 and profit target at 1.3575 with extension towards 1.3520.

Alternate Scenario: Upward penetration of 1.3670 will call for 1.3700 and 1.3730.

NOTE: GBP is retesting supportive trend line of its previous ascending wedge as resistance and rejection from this region would push it towards expansion of its previous bearish rally.

Chart with supports & resistances:

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Technical Levels

Level 1st 2nd 3rd
Supports0.000.000.00
Resistances0.000.000.00

Forex Live Prices

TickerBidAskHighLow
EURUSD1.171631.17233 1.17546 1.16806
USDJPY144.623144.658 144.95 144.173
GBPUSD1.371641.37202 1.37534 1.36826
USDCHF0.798080.79947 0.80191 0.79567
EURCHF0.935020.93696 0.93821 0.93404
EURJPY169.421169.562 169.817 168.621
GBPJPY198.389198.629 198.828 198.009


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