GBPUSD Intra-day Analysis 4th Jan. 2021
Turning Down
Our Pivot: 1.3730
Our Preference: Short sell below 1.3695 with strict stop loss of 1.3730 and profit target at 1.3650 with extension towards 1.3620.
Alternate Scenario: Upward penetration of 1.3730 will call for 1.3780.
NOTE: GBP is being caged in an ascending wedge on hourly chart and right now it's moving downward after facing rejection from resistant trend line of that wedge.
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 | 1.13763 | 1.13772 | 1.13887 | 1.13731 |
| USDJPY | 157.482 | 157.49 | 157.691 | 157.18 |
| GBPUSD | 1.32255 | 1.3227 | 1.32459 | 1.32179 |
| USDCHF | 0.82974 | 0.82989 | 0.83002 | 0.82739 |
| EURCHF | 0.94393 | 0.94418 | 0.9446 | 0.94194 |
| EURJPY | 179.158 | 179.182 | 179.466 | 178.805 |
| GBPJPY | 208.28 | 208.313 | 208.644 | 207.891 |