GBPUSD Technical Analysis today is in a downward trend. As shown in the chart below. The price of the pound dollar is trading at a price of 1.2920 dollars, and trading appears under most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can consider selling from the decline to a price of 1.2902 dollars, and the target area could be 1.2876 dollars. It is also recommended to choose the 1.2948 dollars 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 $1.2948 is broken, the price of the pound dollar may head towards the level of $1.2966.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.2960
- First resistance: 1.2944
- Pivot level: 1.2933
- First support: 1.2906
- Second support: 1.2891
