Technical Analysis : GBP/USD 19 December 2022

Forex Technical Analysis : GBPUSD

Date : 19 December 2022

Pivot point : 1.2225

Our preference : short positions below 1.2225 with targets at 1.2120 & 1.2090 in extension.

Alternative scenario : above 1.2225 look for further upside with 1.2260 & 1.2300 as targets.

Comment : the upward potential is likely to be limited by the resistance at 1.2225.

Supports and resistances :

1.2300 **
1.2260 *
1.2225
1.2172 – Last price
1.2120
1.2090 *
1.2060 **

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

Source : Trading Central

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