Technical Analysis : GBP/USD 10 November 2022

Forex Technical Analysis : GBPUSD

Date : 10 November 2022

Pivot point : 1.1440

Our preference : short positions below 1.1440 with targets at 1.1320 & 1.1260 in extension.

Alternative scenario : above 1.1440 look for further upside with 1.1500 & 1.1560 as targets.

Comment : even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances :

1.1560 **
1.1500 *
1.1440
1.1386 – Last price
1.1320
1.1260 *
1.1220 **

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

Source : Trading Central

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