Technical Analysis : GBP/USD 6 October 2022

Forex Technical Analysis : GBPUSD

Date : 6 October 2022

Pivot point : 1.1300

Our preference : long positions above 1.1300 with targets at 1.1430 & 1.1480 in extension.

Alternative scenario : below 1.1300 look for further downside with 1.1260 & 1.1225 as targets.

Comment : the RSI advocates for further upside.

Supports and resistances :

1.1550 **
1.1480 *
1.1430
1.1376 – Last price
1.1300
1.1260 *
1.1225 **

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

Source : Trading Central

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