GBPUSD Technical analysis


European session, date: 06/26/2024

Introduction and overview

In this GBP/USD technical analysis, we will review the currency pair, where we will address the most prominent price trends, critical technical levels, and current trading patterns. We will rely on a set of technical tools and indicators to provide an integrated and comprehensive view of the performance of this pair in the market, which helps traders make decisions based on accurate analysis. The pair is currently trading at $1.2681. With weakness appearing in most of the moving average intersections, which indicates weakness in the upward trend. The MACD indicator shows a weak positive trend.

GBPUSD technical analysis

Trading strategies based on Buy/Sell levels

GBPUSD In case of buying in case of selling
Entry point 1.2703 1.2659
Point 1 (TP1) First resistance: 1.2725 First support:   1.2630
Target Point 2 (TP2) Second resistance: 1.2750 Second support: 1.2610
Stop Loss (SL) 1.2673 1.2698



These strategies depend on the price’s location relative to support and resistance levels and suggest the best ways to profit from price movements based on support and resistance indicators. Traders should carefully monitor these levels to identify appropriate opportunities to enter and exit the market, while maintaining appropriate risk management strategies to protect their investments

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