GBPUSD Intra-day Analysis 8th Dec. 2020
Under Pressure
Our Pivot: 1.3410
Our Preference: Short sell below 1.3365 with strict stop loss of 1.3410 and profit target at 1.3285 with extension towards 1.3250.
Alternate Scenario: Upward penetration of 1.3410 will call for 1.3440.
NOTE: GBP is being capped by descending trend line along with a major horizontal resistant region.
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 | 1.14404 | 1.14412 | 1.14956 | 1.14045 |
| USDJPY | 143.699 | 143.707 | 143.977 | 142.529 |
| GBPUSD | 1.35846 | 1.35858 | 1.36173 | 1.35397 |
| USDCHF | 0.82003 | 0.8202 | 0.82161 | 0.8171 |
| EURCHF | 0.93822 | 0.93846 | 0.94009 | 0.93317 |
| EURJPY | 164.394 | 164.419 | 164.685 | 162.879 |
| GBPJPY | 195.205 | 195.233 | 195.51 | 193.242 |