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FX.co ★ GBP/USD update for March 22, 2022 - Breakout of the key pivot at 1.3210

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Forex Analysis:::2022-03-22T11:48:13

GBP/USD update for March 22, 2022 - Breakout of the key pivot at 1.3210

Technical analysis:

GBP/USD update for March 22, 2022 - Breakout of the key pivot at 1.3210

GBP/USD has been upside today and I found breakout of the key pivot resistance at 1.3210, which is good sign for further rally.

Trading recommendation:

Due to the breakout of the the inverted head and shoulders pattern and key pivot at the price of 1.3210, I see further upside movement on GBP.

Watch for buying opportunities on the intraday pullbacks with the upside objectives at 1.3270 and 1.3420

Support level is set at the price of 1.3110

Analyst InstaForex
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