GBPUSD Intra-day Analysis 6th Jan. 2021

• 2021-01-06 20:59:16
• 28 Comments
• 256 Views
• Forex
• Maier Noor

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:

RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3

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