Technical Analysis : GBP/USD 8 December 2022

Forex Technical Analysis : GBPUSD

Date : 8 December 2022

Pivot point : 1.2160

Our preference : long positions above 1.2160 with targets at 1.2235 & 1.2270 in extension.

Alternative scenario : below 1.2160 look for further downside with 1.2125 & 1.2100 as targets.

Comment : a support base at 1.2160 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

1.2300 **
1.2270 *
1.2235
1.2194 – Last price
1.2160
1.2125 *
1.2100 **

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

Source : Trading Central

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