Technical Analysis : GBP/USD 20 January 2023

Forex Technical Analysis : GBPUSD

Date : 20 January 2023

Pivot point : 1.2340

Our preference : long positions above 1.2340 with targets at 1.2430 & 1.2460 in extension.

Alternative scenario : below 1.2340 look for further downside with 1.2310 & 1.2280 as targets.

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

Supports and resistances :

1.2490 **
1.2460 *
1.2430
1.2379 – Last price
1.2340
1.2310 *
1.2280 **

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

Source : Trading Central

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