GBPUSD Technical Analysis today at the beginning of a downtrend. As shown in the chart below. The price of the pound dollar is trading at a price of 1.3321 dollars, and trading appears under most of the moving average intersections, as the MACD indicator indicates the end of the positive trend and the beginning of the negative trend. Accordingly, we can consider selling from the decline to a price of 1.3296 dollars, and the target area could be 1.3263 dollars. It is also recommended to choose the 1.3356 dollars area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the selling area at $1.3356 is broken, the price of the pound dollar may head towards the level of $1.3376.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3338
- First resistance: 1.3329
- Pivot level: 1.3324
- First support: 1.3315
- Second support: 1.3310
