Technical Analysis : GBP/USD 12 May 2022

12 May 2022 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsGBP/USD

Forex Technical Analysis : GBPUSD 12 May 2022

Forex Technical Analysis : GBPUSD

Date : 12 May 2022

Pivot point : 1.2280

Our preference : short positions below 1.2280 with targets at 1.2190 & 1.2170 in extension.

Alternative scenario : above 1.2280 look for further upside with 1.2320 & 1.2355 as targets.

Comment : as long as the resistance at 1.2280 is not surpassed, the risk of the break below 1.2190 remains high.

Supports and resistances :

1.2355 **
1.2320 *
1.2280
1.2213 – Last price
1.2190
1.2170 *
1.2150 **

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

Source : Trading Central

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