Technical Analysis : GBP/USD 17 October 2022

Forex Technical Analysis : GBPUSD

Date : 17 October 2022

Pivot point : 1.1185

Our preference : long positions above 1.1185 with targets at 1.1275 & 1.1310 in extension.

Alternative scenario : below 1.1185 look for further downside with 1.1150 & 1.1115 as targets.

Comment : technically the RSI is above its neutrality area at 50.

Supports and resistances :

1.1345 **
1.1310 *
1.1275
1.1223 – Last price
1.1185
1.1150 *
1.1115 **

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

Source : Trading Central

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