GBPUSD Intra-day Analysis 11th Jan. 2021
Under Pressure
Our Pivot: 1.3540
Our Preference: Short sell below 1.3508 with strict stop loss of 1.3540 and profit target at 1.3465 with extension towards 1.3425.
Alternate Scenario: Upward penetration of 1.3540 will call for 1.3580 and 1.3610.
NOTE: GBP is moving in a bearish price channel on hourly chart and it's being capped by strong horizontal resistant region inside this channel.
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 | 1.15367 | 1.15376 | 1.15483 | 1.15346 |
| USDJPY | 160.401 | 160.411 | 160.412 | 160.299 |
| GBPUSD | 1.33713 | 1.33728 | 1.33904 | 1.33619 |
| USDCHF | 0.79892 | 0.79909 | 0.79969 | 0.79725 |
| EURCHF | 0.92169 | 0.92193 | 0.92226 | 0.92055 |
| EURJPY | 185.046 | 185.073 | 185.189 | 184.966 |
| GBPJPY | 214.484 | 214.512 | 214.71 | 214.303 |