GBP/USD: technical analysis and trading recommendations_08/17/2022
In an alternative scenario, and after the breakdown of the resistance levels 1.2175, 1.2270 (local high), GBP/USD will head towards the resistance levels 1.2570, 1.2600. The breakdown of the resistance level 1.2740 will be the first serious signal that the pair will return to the long-term bull market zone.
Short positions are preferred so far.
Support levels: 1.2000, 1.1900, 1.1800, 1.1760, 1.1410
Resistance levels: 1.2120, 1.2175, 1.2270, 1.2570, 1.2740, 1.2800