GBPUSD Intra-day Analysis 23rd Feb. 2021
Caution
Our Pivot: 1.4035
Our Preference: Buy above 1.4065 with strict stop loss of 1.4035 and profit target at 1.4102 with extension towards 1.4125.
Alternate Scenario: Downward penetration of 1.4035 will call for 1.3975.
NOTE: GBP have created a rising wedge inside its bullish price channel therefore its needs to be very cautious with long positions.
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 | 1.15371 | 1.15381 | 1.15483 | 1.15346 |
| USDJPY | 160.402 | 160.413 | 160.415 | 160.299 |
| GBPUSD | 1.33726 | 1.33741 | 1.33904 | 1.33619 |
| USDCHF | 0.79883 | 0.79898 | 0.79969 | 0.79725 |
| EURCHF | 0.92161 | 0.92187 | 0.92226 | 0.92055 |
| EURJPY | 185.059 | 185.086 | 185.189 | 184.966 |
| GBPJPY | 214.502 | 214.535 | 214.71 | 214.303 |