Technical Analysis : GBP/USD 17 May 2022

Forex Technical Analysis : GBPUSD

Date : 17 May 2022

Pivot point : 1.2300

Our preference : long positions above 1.2300 with targets at 1.2420 & 1.2465 in extension.

Alternative scenario : below 1.2300 look for further downside with 1.2270 & 1.2235 as targets.

Comment : the RSI shows upside momentum.

Supports and resistances :

1.2510 **
1.2465 *
1.2420
1.2399 – Last price
1.2300
1.2270 *
1.2235 **

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

Source : Trading Central

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