Technical Analysis : GBP/USD 6 September 2022

Forex Technical Analysis : GBPUSD

Date : 6 September 2022

Pivot point : 1.1540

Our preference : long positions above 1.1540 with targets at 1.1605 & 1.1630 in extension.

Alternative scenario : below 1.1540 look for further downside with 1.1515 & 1.1485 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1.1655 **
1.1630 *
1.1605
1.1561 – Last price
1.1540
1.1515 *
1.1485 **

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

Source : Trading Central

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