Technical Analysis : GBP/USD 1 November 2021

Forex Technical Analysis : GBPUSD

Date : 1 November 2021

Pivot point : 1.3720

Our preference : short positions below 1.3720 with targets at 1.3650 & 1.3620 in extension.

Alternative scenario : above 1.3720 look for further upside with 1.3740 & 1.3760 as targets.

Comment : the RSI advocates for further decline.

Supports and resistances :

1.3760 **
1.3740 *
1.3720
1.3679 – Last price
1.3650
1.3620 *
1.3600 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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