GBPUSD Technical Analysis today is in a weak bearish trend. As shown in the chart below. The pound dollar price is trading at 1.2245, and trading appears under most of the moving average intersections, as the MACD indicator indicates the emergence of a negative trend. Accordingly, we can consider selling from the decline to a price of 1.2213 dollars, and the target area could be 1.2167 dollars. It is also recommended to choose the 1.2291 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 $1.2291 is broken, the GBP/USD price may head towards the level of 1.2318
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2268
- First Resistance: 1.2256
- Pivot Level: 1.2237
- First Support: 1.2225
- Second Support: 1.2206
