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 | 1.15367 | 1.15376 | 1.15483 | 1.15346 |
| USDJPY | 160.401 | 160.411 | 160.412 | 160.299 |
| GBPUSD | 1.33714 | 1.33728 | 1.33904 | 1.33619 |
| USDCHF | 0.79893 | 0.79908 | 0.79969 | 0.79725 |
| EURCHF | 0.92169 | 0.92193 | 0.92226 | 0.92055 |
| EURJPY | 185.045 | 185.072 | 185.189 | 184.966 |
| GBPJPY | 214.483 | 214.512 | 214.71 | 214.303 |