GBPUSD Technical Analysis: The pair concluded when the pound price was trading at $1.2529, as prices appear to be trading below most of the moving average intersections shown on the chart. The MACD indicator also indicates a negative trend.
and accordingly, we can consider selling in the first sessions of this week, which is the Asian session, from a decline to $1.2509, and the target area could be $1.2479. It is also recommended to choose the $1.2562 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the 1.2562 dollar buy zone is broken, the euro price may head towards the 1.2583 dollar level
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.2539
- First resistance: 1.2536
- Pivot level: 1.2529
- First support: 1.2526
- Second support: 1.2519
