Technical Analysis : GBP/USD 2 August 2022

Forex Technical Analysis : GBPUSD

Date : 2 August 2022

Pivot point : 1.2225

Our preference : long positions above 1.2225 with targets at 1.2285 & 1.2310 in extension.

Alternative scenario : below 1.2225 look for further downside with 1.2200 & 1.2175 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1.2340 **
1.2310 *
1.2285
1.2256 – Last price
1.2225
1.2200 *
1.2175 **

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

Source : Trading Central

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