Technical Analysis : GBP/USD 4 November 2022

Forex Technical Analysis : GBPUSD

Date : 4 November 2022

Pivot point : 1.1250

Our preference : short positions below 1.1250 with targets at 1.1120 & 1.1060 in extension.

Alternative scenario : above 1.1250 look for further upside with 1.1310 & 1.1370 as targets.

Comment : the upward potential is likely to be limited by the resistance at 1.1250.

Supports and resistances :

1.1370 **
1.1310 *
1.1250
1.1208 – Last price
1.1120
1.1060 *
1.1000 **

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

Source : Trading Central

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