Technical Analysis : GBP/USD 2 December 2022

Forex Technical Analysis : GBPUSD

Date : 2 December 2022

Pivot point : 1.2210

Our preference : long positions above 1.2210 with targets at 1.2280 & 1.2310 in extension.

Alternative scenario : below 1.2210 look for further downside with 1.2175 & 1.2140 as targets.

Comment : a support base at 1.2210 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

1.2350 **
1.2310 *
1.2280
1.2230 – Last price
1.2210
1.2175 *
1.2140 **

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

Source : Trading Central

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