Technical Analysis : GBP/USD 3 November 2022

Forex Technical Analysis : GBPUSD

Date : 3 November 2022

Pivot point : 1.1450

Our preference : short positions below 1.1450 with targets at 1.1330 & 1.1280 in extension.

Alternative scenario : above 1.1450 look for further upside with 1.1490 & 1.1540 as targets.

Comment : the upward potential is likely to be limited by the resistance at 1.1450.

Supports and resistances :

1.1540 **
1.1490 *
1.1450
1.1412 – Last price
1.1330
1.1280 *
1.1250 **

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

Source : Trading Central

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