GBPUSD Technical Analysis today is in a downward trend. The pound dollar price is trading at $1.3019, and trading appears below most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can consider selling from the decline to $1.2996, and the target could be the $1.2960 area. It is also recommended to choose the $1.3063 area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the buy zone at $1.3063 is broken, the pound dollar price may head towards the $1.3089 level.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3025
- First resistance: 1.3020
- Pivot level: 1.3011
- First support: 1.3006
- Second support: 1.2997
