GBP/USD Intraday: key resistance at 1.2300.

Pivot: 1.2300

Our preference: short positions below 1.2300 with targets at 1.2245 & 1.2220 in extension.

Alternative scenario: above 1.2300 look for further upside with 1.2325 & 1.2345 as targets.

Comment: as long as 1.2300 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.2345

1.2325

1.2300

1.2282 Last

1.2245

1.2220

1.2195

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 03-24-2023 at 05:20 UTC+1

Price reference: 1.2282 last known on 03-24-2023 at 05:20 UTC+1

Investment horizon: INTRADAY