GBPUSD Technical Analysis :today is a weak bearish trend. As the chart below shows. The pound dollar price is trading at 1.2655, and trading appears below most of the moving average intersections, as the MACD indicator indicates the beginning of a negative trend. Accordingly, we can consider selling from the decline to a price of 1.2633 dollars, and the target could be the 1.2602 dollar area. It is also recommended to choose the 1.2693 dollar 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 $1.2693 is broken, the GBP/USD price may head towards $1.2715.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2680
- First Resistance: 1.2667
- Pivot Level: 1.2649
- First Support: 1.2636
- Second Support: 1.2618
