Technical Analysis : GBP/USD 25 November 2022

Forex Technical Analysis : GBPUSD

Date : 25 November 2022

Pivot point : 1.2130

Our preference : short positions below 1.2130 with targets at 1.2080 & 1.2060 in extension.

Alternative scenario : above 1.2130 look for further upside with 1.2155 & 1.2175 as targets.

Comment : the break above 1.2130 is a positive signal that has opened a path to 1.2080.

Supports and resistances :

1.2175 **
1.2155 *
1.2130
1.2111 – Last price
1.2080
1.2060 *
1.2040 **

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

Source : Trading Central

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