Technical Analysis : GBP/USD 11 January 2023

Forex Technical Analysis : GBPUSD

Date : 11 January 2023

Pivot point : 1.2185

Our preference : short positions below 1.2185 with targets at 1.2125 & 1.2105 in extension.

Alternative scenario : above 1.2185 look for further upside with 1.2210 & 1.2240 as targets.

Comment : as long as the resistance at 1.2185 is not surpassed, the risk of the break below 1.2125 remains high.

Supports and resistances :

1.2240 **
1.2210 *
1.2185
1.2154 – Last price
1.2125
1.2105 *
1.2080 **

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

Source : Trading Central

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