GBP/USD Daily Chart: Bullish Bias Above 1.2230.
Pivot: 1.2230
Preference: long positions above 1.2230 with targets at 1.2750 & 1.3075 in extension.
Alternative scenario: below 1.2230 look for further downside with 1.1975 & 1.1670 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3440 ***
1.3075 *
1.2750 ***
1.2470 Last
1.2230 ***
1.1975 ***
1.1670 *
Preference: long positions above 1.2230 with targets at 1.2750 & 1.3075 in extension.
Alternative scenario: below 1.2230 look for further downside with 1.1975 & 1.1670 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3440 ***
1.3075 *
1.2750 ***
1.2470 Last
1.2230 ***
1.1975 ***
1.1670 *
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.