GBPUSD Intra-day Analysis 1st Mar. 2021
Under Pressure
Our Pivot: 1.4035
Our Preference: Short Sell below 1.3990 with strict stop loss of 1.4035 and profit target at 1.3945 with extension towards 1.3910.
Alternate Scenario: Upward penetration of 1.4035 will call for 1.4060 and 1.4089.
NOTE: GBP have given bearish breakout of its bullish price channel and right now its being capped by supportive trend line of previous 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 | 1.15392 | 1.154 | 1.15483 | 1.15329 |
| USDJPY | 160.364 | 160.374 | 160.425 | 160.299 |
| GBPUSD | 1.33749 | 1.33761 | 1.33904 | 1.33619 |
| USDCHF | 0.79884 | 0.799 | 0.79969 | 0.79725 |
| EURCHF | 0.92181 | 0.92205 | 0.92226 | 0.92055 |
| EURJPY | 185.051 | 185.077 | 185.189 | 184.965 |
| GBPJPY | 214.486 | 214.519 | 214.71 | 214.303 |