GBPUSD Technical Analysis :today is a weak bearish trend. As the chart below shows. The pound dollar price is trading at 1.2670, and trading appears below most of the moving average intersections, as the MACD indicator indicates a weak negative trend. Accordingly, we can consider selling from the decline to 1.2651 dollars, and the target could be the 1.2619 dollars area. It is also recommended to choose the 1.2702 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 $1.2702 is broken, the GBP/USD price may head towards $1.2726.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2687
- First Resistance: 1.2676
- Pivot Level: 1.2669
- First Support: 1.2658
- Second Support: 1.2651
