Technical Analysis : GBP/USD 4 October 2022

Forex Technical Analysis : GBPUSD

Date : 4 October 2022

Pivot point : 1.1250

Our preference : long positions above 1.1250 with targets at 1.1350 & 1.1400 in extension.

Alternative scenario : below 1.1250 look for further downside with 1.1210 & 1.1160 as targets.

Comment : the RSI shows downside momentum.

Supports and resistances :

1.1440 **
1.1400 *
1.1350
1.1319 – Last price
1.1250
1.1210 *
1.1160 **

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

Source : Trading Central

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